Battle For Profit
A recent editorial in The Wave dated December 23, 2000 expressed some concerns on the growing tourism in the Queens County. It stated that tourism represents 12 percent of employment in Queens and because of such there has been a drop in the county unemployment. That drop in the county unemployment did not reflect on the 20 percent high unemployment in the Rockaway’s and the one component, new housing, is not the sole answer towards community re-growth or re-stabilization.
I agreed with the editorial. In order to change the economic climate in an area it may require the fusion of several components. However, the sole infusion of either one or two of these components to stimulate growth in an area is strictly imaginary and non-feasible.
There are several big-ticket components necessary to stimulate growth in any community such as new and upgraded housing, quality education with non-overcrowded accessible schools to accommodate new families, and targeted quality commercial institutions to the area stymied outside spending. The result would be long-term job opportunities.
We have successfully resolved two out of three components confronting our community. However the third most difficult component and yet more feasible to achieve will have to be orchestrated by local elected leadership through creative legislation addressing these vital community concerns.
These legislations, when drafted, will need to include the languages of tax incentives for newly investors or prospective to the area, and the state or city assumption of real estate property from the commercial slumming landlord who is responsible for the area devastation and declining and can also be a major contributor to the blight and crime in areas.
The third and final success of these components will need to be directed by local leadership with full community support based on urgency. Keep in mind that the borough of Manhattan, under Koch’s administration, was able to rebound with various tax abatement incentives offered to the investing mogul of Trump and Disney, which went on to stimulate new housing with jobs and eventually luring high quality businesses to the area.
Again, it was the concern of these local residents and leadership that won the battle and turned it around in their community. It’s not too late from the experience of others. Think about it.