Tuesday, July 28, 2009

Surf's Up

Tuesday, July 21, 2009

On the Waterfront

WNYC, July 21: "Mayor Bloomberg has unveiled a "vision" for the south Brooklyn waterfront, that calls for keeping the 2.5 mile coastline largely industrial, rather than converting it to residential use. WNYC's Matthew Schuerman has more."



WNYC, May 6: The last time I [Lisa Chow] reported on Smith Street, home to many boutiques and restaurants and squeezed between Boerum Hill, Cobble Hill and Carroll Gardens, it was January. It was cold. And store managers complained that there was very little foot traffic. This time, I spent some time with one of the street’s anchor retailers, $14 million clothing chain Brooklyn Industries, to investigate one company’s adaptations to the recession.

[Co-founder and CEO Lexy Funk]: It's a ghost behind your shoulder every day. What's the bank going to think?

[Lisa Chow]: Funk says, when retailer Steve and Barry’s went out of business last year, her banker immediately called and asked, why did they fail and how are you different?

[Lexy Funk]: That's an enormous pressure, this uncertainty of how you're performing relative to other companies and how you're performing as compared to the bank's expectations.

[Lisa Chow]: Funk says the big risk is that the bank decides Brooklyn Industries is not meeting expectations and pulls the company's credit line. So far, the bank continues to lend to Brooklyn Industries. And Brooklyn Industries is trying to adapt, as it watches some of its neighbors on Smith Street go out of business.


Monday, July 13, 2009

Happy (Early) Bastille Day

Degraw Street, Sunday:


Rewind: Last year.

Thursday, July 2, 2009