Finance & Mortgage

After 10 Years, How's New York City?

We all hope for good things turn anew as the year renews. Admittedly, we all hope for the best in the years to come, only that we are no fortune tellers. But, if ever we have the gift of prophesying, we probably want to take a sneak-peak of what the future bring, to us and to our country.

If you are a true-blood New Yorker, what do you have in mind for your beloved country? Considering New York as one of the luxurious places in the most powerful country, the U.S., not to mention its booming technology and real estate, you would probably never think that New York is going nowhere but to its highest peak of success.

But, what exactly is happening to NYC after 10 years? The Real Deal features few predictions about New York. 

Brooklyn will turn into a technology hub

Reports show that companies specialized in technology have grown by 33 percent from 2009 to 2013.

NYC officials even considered technology as the hottest economic sector in the city, calling their studies on technology as "beating the tech drum." The Real Deal reports that the technology industry is now taking root in Lower Manhattan and has even invaded parts of Queens and Brooklyn, leading to speculations that NYC will have a full bloom technology in 10 years' time.

Driving in New York streets become meager or even null

It has been projected that the Second Avenue Subway will be opened late 2016, exactly 100 years after it was proposed. Officers found this subway to be a tool that could revolutionize New Yorkers' way in getting around the city come 2026. Reports say that Metropolitan Transportation Authority is currently considering building four new commuter-rail stations in Co-op City, Parkchester, Morris Park, Hunts Point, and Bronx which are expected to create development in the city traffic.

New York New World Trade Center will rise again

The ongoing construction of the surrounding skyscrapers in the New York City commercial area will be brought to an end come 2033 as predicted in The Huffington Post. The performing arts center and a transportation hub, which constructions are also ongoing, are likewise set for completion in the same assumed year. The completion of the 1,776-foot Freedom Tower last 2014 is a living proof that completion of the other skyscrapers in NYC is not beyond impossible.


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