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Tourism Issue Industry? Industry? Carriage-Horse Park’Skill Central Will Next Mayor Group Hotel Morgans Checkout Time for 3 P Tourism CRAIN’S® Issue NEW YORK BUSINESS VOL. XXIX, NO. 27 WWW.CRAINSNEWYORK.COM JULY 8-14, 2013 PRICE: $3.00 Click! INSIDE City’s kid-friendly travel market soars. Just ask the Ross family. p. 2 5 Our airports. Ugh p. 3 THE ROSS FAMILY OF ST. LOUIS said they Checkout time for spent about $1,600 on hotel and airfare for Morgans Hotel their five-day stay in New York City last month. Group p. 4 Will next mayor kill Central Park’s carriage-horse industry? p.16 NEWSPAPER buck ennis EDITOR’S NOTE Liberty for all FYICRAINSNEWYORK.COM Granted, I’m not privy to NYPD Penguin Random House aims to bookend Amazon’s rule counterterrorism intelligence, but something doesn’t add up with the lmost overnight, the New York book Police Department’s insistence publishing landscape got a lot smaller—or since 9/11 that visitors to the Statue Abigger, if you happen to work for Random of Liberty and Ellis Island be House or Penguin, which last week became the screened for weapons and explosive publishing industry behemoth Penguin Random devices in Manhattan before House. With more than 10,000 employees, the new Glenn Coleman boarding tour boats for Lady global publisher will control 25% of the market for Liberty.The NYPD has stymied general-interest books, putting out more than repeated efforts by the National Park Service to move 15,000 titles—from Dan Brown’s thrillers to Khaled Hosseini’s best-sellers—from nearly 250 the screening lines to Ellis Island, which neighbors imprints and houses. ¶ Random House parent Bertelsmann, the German media giant, holds 53% Liberty Island and can offer a more pleasant wait for of the new company, while Penguin’s London-based parent, Pearson, maintains 47%. For the the 4 million people a year who want to get close to foreseeable future, Random House will stay put in midtown and Penguin will continue operating our most iconic national monument. (The only nice down on Hudson Street. ¶ The move to consolidate comes as publishers look for more bargaining thing about the hour-plus trudge through the Battery power with Amazon, which dominates retailing while competing as a publisher.The New York Park metal detectors is the chance to overhear “This houses are also looking for efficiencies in their two businesses—physical books, which require really sucks, Dad” in two dozen languages.) The city’s warehousing, and e-books, which demand innovation. ¶ The Penguin Random merger was top cops quashed the latest Park Service screen dream completed just days after Hachette Book Group announced its purchase of Disney’s Hyperion, an this past spring, as political pressure grew to reopen essentially defunct adult general-interest imprint. Hachette gets a catalog of 1,000 titles and 25 the Statue of Liberty—closed after Superstorm Sandy yet-to-be published books, Disney can focus on children’s books and television-related franchise flooded Liberty Island—in time for the Fourth of July. titles, and Hyperion becomes a Hachette imprint. —matthew flamm That’s too bad.The Park Service seems to understand DOMA IS DOA. In a landmark deci- 2015. … iTUNES RADIO WOOS INDIES. its security duties at the Washington Monument, sion, the Supreme Court struck Apple Inc.’s streaming music service, HOORAY! Independence Hall and other national treasures. And down a key part of the Defense of set to debut later this year, offered to TKTS at Times bad guys can do bad things with the many unscreened Marriage Act as unconstitutional, pay independent record labels a roy- Square, which clearing the way for married same- alty of 0.13 cents each time a song is sells water taxis and cruise ships that boat by the Great thousands of sex couples to receive federal bene- played in the first year of the service, discounted Dame every day. Consolidating the Statue of Liberty’s fits.In a separate move,the Supreme and 0.14 cents after that. Music in- theater tickets Court allowed California’s Proposi- daily, turned security needs on Ellis Island also could liberate New dustry insiders say the terms are 40. York Harbor.The millions of visitors now funneled tion 8,which banned same-sex mar- comparable to what major record la- riages in California, to be over- bels will receive, and marginally through one inhospitable point downtown and turned. … CITI SETTLES WITH FANNIE. higher than the 0.12 cents that Pan- another in New Jersey could instead travel to a secure Citigroup Inc. will pay $968 million dora pays per stream. … GO WEST, Ellis Island from watercraft operating all over to Fannie Mae for loans it sold to the TIME WARNER. A tentative deal be- OY VEY! Manhattan as well as from Brooklyn, Queens, the mortgage giant in the run-up to the tween the Related Cos. and Time financial crisis.The deal resolves po- Warner calls for the media company THE Bronx and Staten Island—each dock a potential hub METROPOLITAN tential repurchase claims on residen- to bid its Columbus Circle home MUSEUM OF for nearby hotels, housing and entertainment spots, tial mortgage loans adieu and relocate to ART’S colorful that originated be- the developer’s $15 metal admission each tourist trawler also serving locals with reliable buttons became a waterfront commuting between boroughs.This tween 2000 and 2012 ‘ billion Hudson relic after 42 and covers claims for Our Yards project. Time years. Stickers muddled mess, yearning to breathe free. breaches of represen- Warner would take replaced the tin tations and war- country more than 1 million pieces. ranties on 3.7 million square feet in the sec- THIS WEEK IN CRAIN’S loans. … PAUSING has ond building to rise restaurants feel overburdened by OBAMACARE FINES. at the 26-acre site, regulation. Her other health-related The Obama admin- changed’ and sell its current goals include doubling the number IN THE MARKETS--------------------------------- 4 istration announced —Chief Justice John headquarters to Re- of schools with health centers and BUSINESS PEOPLE --------------------------- 5 a delay in the Afford- Roberts, writing for the lated for more than building new schools with space for able Care Act’s man- $1 billion. … QUINN physical education. … SOLEDAD SMALL BUSINESS ------------------------------ Supreme Court majority 7 TAKES ON KIDS’ SIGNS UP AT AL JAZEERA. date that requires that struck down key Former THE INSIDER -----------------------------------------------8 businesses with more MEALS. If she be- CNN anchor Soledad O’Brien sections of the Voting than 50 employees to comes mayor, City agreed to become a special corre- REAL ESTATE DEALS -----------------------9 Rights Act, which covered provide health cover- Council Speaker spondent for Al Jazeera America’s parts of New York City GREG DAVID--------------------------------------------11 age for workers. The Christine Quinn prime-time show America Tonight. IRS made the an- plans to target un- The network has been on a hiring IN THE BOROUGHS ---------------------- 12 nouncement follow- healthful meals on spree before its August launch. Ms. REPORT: TOURISM ------------------------13 ing complaints that the requirements kids’ menus at restaurants, including O’Brien will produce hourlong doc- are too difficult to implement by the Taco Bell,Applebee’s and T.G.I.Fri- umentaries for the network through CLASSIFIEDS ----------------------------------------- 20 deadline. Employers opposing the days.The candidate said her priority her production company, Starfish NEW YORK, NEW YORK ----------25 policy welcomed the delay, which is protecting childhood health, al- Media Group. READY FOR TAKEOFF postpones implementation until though she acknowledged that many —nazish dholakia SOURCE LUNCH--------------------------------26 Helicopter pilot braves city’s not-so-friendly skies P. 5 OUT AND ABOUT ------------------------------27 CORRECTIONS (SEE PAGE 22) STORIES TO WATCH THIS WEEK vol. xxix, no. 27, july 8, 2013—Crain’s New York Business (issn 8756-789x) is published weekly, except for double issues the weeks of July Fourth, Labor Day and Christmas, by Crain Com- July 8: Corporate July 9: Dunkin’ July 10: Crain’s July 11: Miller munications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s New York earnings season Donuts will open hosts the Samuel releases Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one begins with Alcoa its 500th location in Manhattan borough 2Q Brooklyn year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved. reporting its 2Q NYC on West 42nd president debate. residential rental results. Street. report. 2 | Crain’s New York Business | July 8, 2013 TOURISM AIRLINES STATS AND THE CITY NY TOURISM: Visitors Developer loves NY, hates its airports last year helped generate $55.3 billion for the city’s economy, with Tenacious Joseph Sitt turns his skills to new end: $36.9 billion in direct spending. lobbying to upgrade shabby travel experience BY DANIEL GEIGER Paul Pariser has known fellow real estate developer Joseph Sitt for ages. On a chilly morning back in December, the two men even stood shoulder to shoulder on Washington Street to break ground on buck ennis a $100 million retail and office building they will jointly own in the ultra-hot meatpacking district. SECONDS57 IT HOSPITALITY356K All that togetherness still left Mr. Pariser unprepared for the news TAKES to ride JOBS across on April 23 of his colleague’s most ambitious project yet, in some ways. the Empire State the five “The answer is, I’m surprised,” Mr. Pariser said, voicing a version Building elevator boroughs to the 86th floor, after waiting in line about 45 $1.9B minutes REVENUE GENERATED by same-day 52M TKTS sales TOURISTS who since the visited NYC in booth opened 2012, a record in 1973 NUMBER10K+ OF PASSENGERS72.1% ANIMALS at the DEPARTING Bronx Zoo—plus from JFK 50K Madagascar International hissing for leisure-only cockroaches trips in 2012 Source: NYC & Company, Bronx Zoo, Empire of a reaction shared by many of Mr.
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