Latest / Bloomberg Intelligence / Author Freudenheim on Book: 'The Brooklyn Experience' (Audio)

Transcript

Author Freudenheim on Book: 'The Brooklyn Experience' (Audio) · Bloomberg Intelligence

• 0:04
  Speaker 1: Broadcasting Live to New York, Bloomberg eleventh, Brio to Washington,
• 0:08
  Speaker 1: d C, Bloomberg to Boston, Bloomberg twelve, unders to San Francisco,
• 0:13
  Speaker 1: Bloomberg nine to the Country, sees at DAMN Channel one,
• 0:18
  Speaker 1: and around the globe the Bloomberg Radio plus Appen Bloomberg
• 0:21
  Speaker 1: Got Gone. This is taking Stock. I'm Kathleen Hayes along
• 0:26
  Speaker 1: with Pim Fox. You know, from Paris to Rio. Everyone's
• 0:29
  Speaker 1: curious about hot New Brooklyn. It seems like people from
• 0:33
  Speaker 1: overseason they know you're from Brooklyn. They think you're the hipster,
• 0:35
  Speaker 1: not the people who have in Manhattan anymore. Well, a
• 0:38
  Speaker 1: new book, The Brooklyn Experience, Ellen Freudensheim's fourth comprehensive Brooklyn
• 0:43
  Speaker 1: guide books. She's going to tell us all about what's
• 0:45
  Speaker 1: really going on. There's the true insiders guide him. Of course,
• 0:48
  Speaker 1: she moved over to Brooklyn years ago when the neighborhoods
• 0:52
  Speaker 1: were cheaper and it was really just starting to come
• 0:54
  Speaker 1: up to what it is now. For example, in the
• 0:57
  Speaker 1: last ten years, private sector employment in Brooklyn grew by
• 0:59
  Speaker 1: twenty that's faster than any other borrow and nearly twice
• 1:03
  Speaker 1: the rate of growth in the rest of New York City.
• 1:05
  Speaker 1: Right now, let's go to Charlie Pellet and the Bloomberg
• 1:07
  Speaker 1: News from for Bloomberg Business Flash, and I think very
• 1:09
  Speaker 1: much pimp Fox that DAL the SMP NEZDAK all moving
• 1:13
  Speaker 1: higher right now as from p. Five hundred, index trading
• 1:16
  Speaker 1: at a record is up eleven points now, a gain
• 1:19
  Speaker 1: of five tenths of one percent. Federal Reserve Bank of
• 1:23
  Speaker 1: Kansas City President Esther George has resumed her advocacy for
• 1:27
  Speaker 1: interest rate increases, citing the June rebound in U S
• 1:31
  Speaker 1: hiring is a key reason to push rates further above zero.
• 1:35
  Speaker 1: Her comments came in a speech today in Lake Ozart, Missouri. George,
• 1:39
  Speaker 1: by the way, considered one of the most hawkish members
• 1:42
  Speaker 1: of the f o m C. Stocks are higher, the
• 1:44
  Speaker 1: dollar strengthening with industrial metals amid speculation in the US
• 1:48
  Speaker 1: economy maintains a strong enough or is strong enough to
• 1:52
  Speaker 1: propel global growth without forcing the Federal Reserve the Titan policy.
• 1:56
  Speaker 1: Oil swinging between gains and losses. Oliver Sloop is with
• 2:01
  Speaker 1: II Trader. He's in Chicago. He rig Houns have been
• 2:06
  Speaker 1: up five out of the last six we was in
• 2:08
  Speaker 1: the case. They were seeing activities start to pick up
• 2:10
  Speaker 1: at these higher prices and they think that votes well
• 2:13
  Speaker 1: for the bears in this market. It kind of has
• 2:15
  Speaker 1: some of the bulls on their heels taking some profits
• 2:17
  Speaker 1: at these higher prices. We also have Canada coming back online. Uh,
• 2:21
  Speaker 1: they were disrupted from wildfires. Outside of Canada. We also
• 2:24
  Speaker 1: had Nigeria picking up again and they were disrupted by
• 2:28
  Speaker 1: militest man. Right now, we do have West Texas Intermediate
• 2:30
  Speaker 1: Crew down one point four percent, Gold down point one percent,
• 2:35
  Speaker 1: thirteen fifty six announced SMP up by five tenths of
• 2:39
  Speaker 1: one percent to thirty two on Wall Street. Now we'll
• 2:42
  Speaker 1: look at other stories making news. Charlie, thank you from
• 2:46
  Speaker 1: the Bloomberg News room. I'm Mark Crumpton, Home Secretary. Theresa
• 2:50
  Speaker 1: May will succeed David Cameron as the UK's next prime minister.
• 2:54
  Speaker 1: The way was cleared when Energy Minister Andrea led Some
• 2:58
  Speaker 1: and he's only opponent in the conserved of the party's
• 3:00
  Speaker 1: leadership race dropped out. The interests of our country are
• 3:04
  Speaker 1: best served by the immediate appointment of a strong and
• 3:09
  Speaker 1: well supported prime minister. I am therefore withdrawing from the
• 3:13
  Speaker 1: leadership election, and I wish to reason May the very
• 3:17
  Speaker 1: greatest success. I assure her of my full support. May
• 3:22
  Speaker 1: will become Britain's second female prime minister, Margaret Thatcher was
• 3:26
  Speaker 1: the first. It may be a sign that Bernie Sanders
• 3:29
  Speaker 1: is about to endorse Hillary Clinton. Sanders will campaign with
• 3:32
  Speaker 1: the likely Democratic presidential nominee tomorrow in New Hampshire. The
• 3:36
  Speaker 1: parents of Dallas shooter Micah Johnson are speaking out after
• 3:40
  Speaker 1: the deadly ambush last week that left five police officers dead.
• 3:44
  Speaker 1: James Johnson became emotional while speaking with the website The
• 3:48
  Speaker 1: Blaze to h y, can you think better? Um? I
• 4:05
  Speaker 1: didn't see it coming. Attorney General Eric Schneiderman suing a
• 4:09
  Speaker 1: company he says trick job hunters into spending money on
• 4:12
  Speaker 1: security guard training and other courses they didn't need. Delta
• 4:16
  Speaker 1: Services is accused of using fake job listings. Global News
• 4:20
  Speaker 1: twenty four hours a day, powered by more than twenty
• 4:23
  Speaker 1: hundred journalists and analysts in more than one hundred twenty
• 4:26
  Speaker 1: countries from the Bloomberg news Room by Mark Crumpton, Charlie
• 4:30
  Speaker 1: and we thank you what again. Recapping stocks are higher,
• 4:33
  Speaker 1: with the SMP five hundred index climbing eleven points now
• 4:37
  Speaker 1: to that is the gain of five tenths of one percent.
• 4:41
  Speaker 1: I'm Charlie Pellett, and that's a Bloomberg Business flash during
• 4:46
  Speaker 1: listening to taking Stock with pin Box at Kathleen Hayes
• 4:50
  Speaker 1: on Bloomberg Radio. Over the past decade, the borough of
• 4:54
  Speaker 1: Brooklyn has expanded at a rapid pace. It has attracted
• 4:57
  Speaker 1: new businesses, new residents. Down Town Brooklyn is now the
• 5:02
  Speaker 1: largest business district outside of Manhattan. And there are a
• 5:06
  Speaker 1: number of other economic centers in Brooklyn, including the Brooklyn
• 5:09
  Speaker 1: Navy Yard, Sunset Park, Williamsburg, and Green Point. While if
• 5:13
  Speaker 1: all these are not familiar to you, our next guest
• 5:17
  Speaker 1: will be of help. Ellen Freudenheim is the author of
• 5:20
  Speaker 1: the new book The Brooklyn Experience, The Ultimate Guides Who,
• 5:24
  Speaker 1: Neighborhoods and Nash's Culture and the Cutting Edge all about Brooklyn,
• 5:28
  Speaker 1: and she joins us in the studio. Ellen, thanks very
• 5:30
  Speaker 1: much for being here. Why exactly did you decide to
• 5:35
  Speaker 1: write this book? It's my fourth guide book. But Brooklyn
• 5:39
  Speaker 1: has changed dramatically in the last decade since the last one. Uh.
• 5:42
  Speaker 1: It went from being a kind of down and out
• 5:45
  Speaker 1: attitude e younger sibling to Manhattan to being the upper
• 5:50
  Speaker 1: center of the cultural world. Of New York, which is
• 5:52
  Speaker 1: a pretty big transition. I really wanted to connect the
• 5:55
  Speaker 1: dots between old and new Brooklyn. Could you explain to
• 5:59
  Speaker 1: listeners who, even if they visited New York, maybe you've
• 6:02
  Speaker 1: never gone to Brooklyn when you say it's become the
• 6:04
  Speaker 1: epicenter of culture in New York, explain why you're saying
• 6:07
  Speaker 1: that there's a fabulous creative dynamic at work in Brooklyn
• 6:11
  Speaker 1: right now. And you can see it in UH indie bands,
• 6:14
  Speaker 1: in the literature, this tremendous literature scene, in many many
• 6:19
  Speaker 1: small restaurants, in culinary on enterprises, manufacturing enterprises, in renovations
• 6:25
  Speaker 1: sort of incredible renovations of old abandoned man manufacturing sites.
• 6:32
  Speaker 1: There's just all ton going on, and there's a lot
• 6:34
  Speaker 1: of youthful energy. Let's just talk about some of the
• 6:37
  Speaker 1: areas that are most attractive at least to businesses. Maybe
• 6:40
  Speaker 1: the Brooklyn Tech Triangle right this is UH Dumbo, the
• 6:45
  Speaker 1: Brooklyn Navy Yard and downtown Brooklyn. And just as an example,
• 6:49
  Speaker 1: I believe that though when the UH the Brooklyn Navy
• 6:53
  Speaker 1: Yard project was proposed, we were talking about well, UH
• 6:58
  Speaker 1: twelve million dollars I think it was estimated economic impact
• 7:02
  Speaker 1: twelve billion. I beg your pardon estimated economic impact for that.
• 7:06
  Speaker 1: It's a vast site. That Brooklyn Navy Yard has been
• 7:09
  Speaker 1: around since eighteen o one, and it's there's lots of
• 7:11
  Speaker 1: property there and there's buildings that are very interesting and
• 7:15
  Speaker 1: can rehab able. So the Brooklyn Navy Yard as some
• 7:19
  Speaker 1: of the other post industrial sites, the Brooklyn Army Terminal,
• 7:22
  Speaker 1: Bush Terminal which is now called Industry City, the Domino
• 7:26
  Speaker 1: Sugar Factory which is now being rehabbed into condo's. All
• 7:29
  Speaker 1: these old industrial places where purposeless for a long time
• 7:32
  Speaker 1: after World War Two, and the Brooklyn Navy Yard in
• 7:35
  Speaker 1: particular has just had an incredible renaissance and hats off
• 7:38
  Speaker 1: to the people for doing it. Steiner Studios is there.
• 7:41
  Speaker 1: It's a huge stage production stage. There are tons of
• 7:45
  Speaker 1: sustainable or teasonal green kind of micro enterprises at work there,
• 7:50
  Speaker 1: and there's soon will be a Wigman supermarket as well.
• 7:53
  Speaker 1: It's a museum for tourists. Building ninety two is a
• 7:56
  Speaker 1: fabulous little museum about the history of the Navy Yard itself.
• 8:00
  Speaker 1: Of it's it's a it's a story of a Phoenix.
• 8:04
  Speaker 1: I'm stealing this from your book with Steiner Studios, which
• 8:06
  Speaker 1: is the largest tenant at the Navy Yard, is the
• 8:09
  Speaker 1: largest film and television studio complex with the largest sound
• 8:13
  Speaker 1: stage outside of Hollywood. It's got ten sounds stages and well,
• 8:19
  Speaker 1: I mean it's also near a rooftop garden. Yes, it's
• 8:22
  Speaker 1: fabulous over there. You never really know what you're gonna
• 8:24
  Speaker 1: uh see. If anybody is a tourist who wants to
• 8:27
  Speaker 1: see it has to take a tour with turnstyle tours.
• 8:29
  Speaker 1: You can't just go in and wander around. It's a
• 8:31
  Speaker 1: sort of business to business operation. Steiner Studios is well
• 8:34
  Speaker 1: known in the film industry. It's not well known to
• 8:36
  Speaker 1: the person on the street, but it's significant that they
• 8:40
  Speaker 1: that they decided to move to Brooklyn and to populate
• 8:43
  Speaker 1: that space. Coincidentally, my nieces visiting from the Seattle area
• 8:47
  Speaker 1: and we went to uh Brooklyn flee over by it
• 8:51
  Speaker 1: in Dumbo under the bridge, and the Smorgasberg where all
• 8:55
  Speaker 1: the food vendors usually are was not operating because of
• 8:57
  Speaker 1: Stephen King movies being filmed there. So but it was
• 9:00
  Speaker 1: really delightful, really really cool. That seems like the part
• 9:03
  Speaker 1: of Brooklyn now that is so established. What about the waterfront,
• 9:07
  Speaker 1: because it's so important. When I first moved to New
• 9:08
  Speaker 1: York years ago, I was surprised there wasn't more water
• 9:11
  Speaker 1: waterfront development anywhere, But it is Brooklyn moving that direction
• 9:13
  Speaker 1: to it's a fabulous story. I mean, there's twenty six
• 9:17
  Speaker 1: miles of waterfront in Brooklyn and if you you can
• 9:21
  Speaker 1: see that, there has been high rise residential development in
• 9:24
  Speaker 1: North Brooklyn. So that's along green Point and the Williamsburg
• 9:27
  Speaker 1: Coast if you will. Dumbo is a refurbished post industrial
• 9:30
  Speaker 1: neighborhood was really darrel like. There was a terrible place
• 9:34
  Speaker 1: after World War Two. Then there are the docks which
• 9:36
  Speaker 1: have now become Brooklyn Bridge Park. It's it's gorgeous. The
• 9:39
  Speaker 1: idea of using the waterfront for more than just going
• 9:42
  Speaker 1: up to the front to the edge of the water
• 9:45
  Speaker 1: is something that people are now talking about as a
• 9:47
  Speaker 1: sixth borough. New York City in general is covered with
• 9:50
  Speaker 1: water covered. There's a lot of water here and you
• 9:53
  Speaker 1: could build on the water. You could do you can
• 9:55
  Speaker 1: not just go in it, but use it in more
• 9:57
  Speaker 1: creative ways. I that's a that's an area to watch.
• 10:00
  Speaker 1: We need creative leadership in financing for that, but it's great.
• 10:03
  Speaker 1: Where would you recommend someone go if they'd like to
• 10:07
  Speaker 1: maybe impress their younger offspring that they are hip and cool.
• 10:12
  Speaker 1: Where would you suggest They tell them they go home
• 10:15
  Speaker 1: tonight and they say, you know, let's go to this
• 10:16
  Speaker 1: place in Brooklyn. Depends how younger. Anybody who is over
• 10:19
  Speaker 1: safe fifteen is going to be really interested in Williamsburg,
• 10:23
  Speaker 1: Green Point and possibly Bushwick, which is pretty edgy, but
• 10:26
  Speaker 1: there's tons of art galleries and it's really feels energetic
• 10:30
  Speaker 1: and young. It's a working place during the day and
• 10:34
  Speaker 1: in the evening things pick up well. Ellen fdnhim. I
• 10:37
  Speaker 1: think you've wetted everyone's appetite, not only for Brooklyn, but
• 10:42
  Speaker 1: also for your new book. She's the author of The
• 10:44
  Speaker 1: Brooklyn Experience. It's her fourth Brooklyn guide book, and she's
• 10:49
  Speaker 1: she's over to Brooklyn early eighties. So this lady knows
• 10:52
  Speaker 1: what she's talking about. I'm Kathleen. He's along with Pim
• 10:55
  Speaker 1: Fox and this is Bloomberg. Bloomertaking Stock is brought to
• 11:02
  Speaker 1: you by Autie Medal Ends and Secauka's New Jersey powered
• 11:05
  Speaker 1: by Benzel Bush, offering a commitment to service, luxury and
• 11:08
  Speaker 1: value with total transparency. Start your journey at Autie medalalandz
• 11:11
  Speaker 1: dot net and to find the way you drive