Friday Links

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Lights (Almost) Out, Prospect Heights. Photo by Tracy Collins
Fed Scales Back Talk of Inflation [NY Times]
Landmark Status for Whole Foods Building [NY Post]
Street Honors Bob Marley [NY Daily News]
A Piece of History on Brooklyn Bridge [NY Sun]
The Pavilion Bites the Dust [Curbed]
Mortgage Rates Up Over Week [MarketWatch]

Comments

so is closing of Pavillion just pure speculation? we read story that bldg has been sold (or at least in contract to be sold) but beyond what does anyone know?

Posted by: Anonymous at June 30, 2006 9:28 AM

A luxury condo instead of the only movie theater left for miles around? Oh, thank GOD! We are so in NEED of some more luxury condos!!
If Pavilion does go under, it is just the coup de grace in a long idiot-show of mismanagement...first the endless vacant years, then the promising start followed by carve-up into tiny and ill-maintained cubicles, the restaurant debacle, etc. And for all that, people come in droves because there's nothing else nearby. To reverse the line in "NY, NY": If you can't make it here, you can't make it anywhere. As an urban paleoconservative, I take it very personally when capitalism produces such dismal results.

Posted by: Brenda from Flatbush at June 30, 2006 11:37 AM

Brenda,

This has nothing to do with capitalism, whatever you think that is. Capitalism is an economic system based on the sanctity of private property.

Functionally speaking though, it's about entrepreneurs finding opportunities which are under-served to the consumer, and producing these goods or services to everybody's ultimate benefit.

If they are developing condos on that site, its because the developer thinks that housing needs are not being met in the neighborhood, and hence he may profit from offering such products.

I hate to see the Pavillion go, but if demand for housing is greater than demand for other goods, who am I to interfere with the market process?

Although I do add, that if the government got out of regulating the housing business, we wouldn't be talking about this, because there wouldn't be the same housing development pressure for the land that the Pavillion occupies.

Posted by: iceberg at June 30, 2006 12:40 PM

assimilate now! resistance is fultile!

Posted by: Anonymous at June 30, 2006 2:47 PM

update on curbed that Pavillion rumor is just a rumor.

Posted by: Anonymous at June 30, 2006 2:55 PM

Don't worry. In 15 years half of all those luxury condos will be section 8 housing.

Posted by: Anonymous at June 30, 2006 3:57 PM

By "capitalism producing dismal results," I mean, "results that please me and meet my personal needs, which I generalize to the public at large." And my personal needs include a local movie theatre. Seriously, it's also Eco 101, "supply and demand"--there is enough demand for a movie theatre that people line up to patronize a bad one, yet demand for something in far greater apparent supply ("luxury" condos) threatens to push the movies out. Here's how it should be working: Other movie theatres put the Pavilion out of business by offering better popcorn, cleaner bathrooms, and lower prices. Now that's capitalism we can all live with. Phooey. Hope it's just a rumor anyway.

Posted by: Brenda from Flatbush at July 1, 2006 5:57 PM

Another great example of the sky falling on brownstoner with nobody around to check for any kind of editorial accuracy of any kind. There is a very long lease in place with the movie theatre. The agency marketing the sale of the Pavillion has it all written up on their website. I'm not going to post the details because why should I do b'stoner's work for him when he is undoubtably out at the Hamptons with his banking buddies.

Posted by: Anonymous at July 1, 2006 8:14 PM

Anonymous july 1 2006...8:14 this is a blog.....no need to blame brownstoner just because you don't have a house in the hamptons..

Posted by: Anonymous at July 7, 2006 2:01 AM

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June 30, 2006

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