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After Exit of Walder, Rough Ride for MTA Eateries Crave

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After Exit of Walder, Rough Ride for MTA Eateries Crave 20110725-NEWS--0001-NAT-CCI-CN_-- 7/22/2011 8:57 PM Page 1 INSIDE FUTURE OF NY CRAIN’S TOP STORIES CONFERENCE Self-employed and WRAP-UP seeking mortgage? Big Apple targets tech jobs. Look out, Good luck with that ® SMALL BUSINESS, PAGE 3 Silicon Valley P. 14 REPORT: City’s VOL. XXVII, NO. 30 WWW.CRAINSNEWYORK.COM JULY 25-31, 2011 PRICE: $3.00 power patrons of the arts After exit PAGE 16 Jazz at Lincoln of Walder, Center is rocking its numbers rough ride PAGE 2 Joel Klein, conflict for MTA pro, tries hand at saving Murdoch Successor will face IN THE MARKETS, PAGE 4 union conflicts, grave The reason critics lack of resources question Walmart’s I BY JEREMY SMERD charitable impulses GREG DAVID, PAGE 11 The surprise resignation of Metropol- itan Transportation Authority Chair- man Jay Walder is as much an indict- ment of New York’s hobbled transit BUSINESS LIVES system as it is an endorsement of his new employer,the privately owned and highly profitable MTR Corp., which provides public transit in Hong Kong and mainland China. Transportation advocates have long argued that investment in mass transit is essential to maintaining New See ROUGH RIDE on Page 28 GOTHAM GIGS Eateries Rowing boats to a BX better life P. 29 A BRONX TALE, INDEED: Borough sees crave the ● ANNE FISHER Hey, entrepreneurs: Don’t big gains in people, jobs and wages. neglect your personal finances P. 29 Welcome to ‘the last bastion of opportunity’ ‘A’ grade ● MOVERS & SHAKERS WNBA’s new chief P. 30 The story of today’s Bronx has been overshadowed At one-year mark, BY DANIEL MASSEY ● GAEL GREENE BLT by fallout from the City Council’s rejection in 2009 of system causes pain, Steak’s great freebies P. 31 a plan to redevelop the Kingsbridge Armory.The mall If there was any doubt that the Bronx has put its in- project would have created 2,200 jobs, but its devel- but diners love it famous past behind it, consider this: Queens native oper would not agree to “living wage” mandates. Bill Long decided to call his new Maspeth,Queens- The controversial rejection prompted criticism of INDEX based company Bronx Toys. how such a poor borough could turn down a chance BY LISA FICKENSCHER “I’m not from the Bronx,but what’s more New York to add jobs of any kind, but in the meantime, the THE INSIDER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _8 than the Bronx?” he said. “It just rings of New York.” Bronx has quietly made gains. Wages are growing Waldy Malouf,the chef-owner of Bea- VIEWPOINT _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _10 The launch of Mr. Long’s company, which makes faster than in any other borough, job growth is out- con, has been asked by several con- REAL ESTATE DEALS PLUS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _12 NYPD- and FDNY-licensed toys, is just one sign of pacing the city’s as a whole,and the Bronx has become cerned patrons about the “Grade CLASSIFIEDS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _20 the Bronx’s shifting fortunes. The borough that lost a mecca for immigrants, adding more foreign-born Pending” sign posted in the restau- 21% of its population in the 1970s added 52,458 peo- residents in the last decade than any other borough. rant’s entryway.One customer wanted FOR THE RECORD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _24 ple last decade, topping each of the other four, census It would be a mistake to assume all is rosy,as deep a detailed explanation before she NEIGHBORHOOD JOURNAL _ _ _ _ _ _ _ _ _ _ _ _ _26 figures show. Much of the growth occurred in south- pockets of poverty persist. Personal income climbed would book a party at the well-regard- HOT JOBS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _29 ern sections of the Bronx that once were devastated. 54% between 2000 and 2009, according to the Bu- ed midtown spot. EXECUTIVE MOVES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _29 “There was a time when people were running away reau of Economic Analysis, but at $28,500, it was With the city reaching the one-year THE WEEK AHEAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _31 from this borough,” said Radame Perez, president of still 71% lower than the level for the city overall.And anniversary of the letter grading system, Mastermind Development. “But that’s an old story.” See BRONX TALE on Page 28 See EATERIES on Page 26 30 5 ELECTRONIC EDITION NEWSPAPER 71486 01068 0 20110725-NEWS--0002-NAT-CCI-CN_-- 7/22/2011 8:21 PM Page 1 COMMENTARY Murdoch family values wenty-three years ago this very month, I was finishing a profile of Calvin Klein for New York magazine, then owned by Murdoch Magazines, which was run by Les Hinton. When Mr. Hinton re- Tsigned as CEO of the Dow Jones division of Rupert Murdoch’s News Corp. on July 15—becoming yet another corporate casualty of the News of the World HARMONIZING WITH DONORS: An endowment phone-hacking Mr.Klein’s friend campaign will be the next big project for Executive scandal—many and running Director Adrian Ellis. felt a surge of buddy, Barry schadenfreude. I Diller,at the time felt sad. Here’s one of Mr. Mur- why. doch’s key execu- The day I tives. I thought it started reporting spoke well of the the Calvin Klein organization that story, I flew to no one tried to Jazz at Lincoln Center Washington to stop me. cover a personal MICHAEL The night be- appearance by GROSS fore the piece the designer in a closed, Mr. Kos- steps up the tempo department ner had second store, where I apparently thoughts about a column of buck ennis came between Calvin and his type in which I discussed Mr. clamoring fans. His handlers Klein’s fairly obvious bisexu- “Music, and jazz in particular, is a hustled him into a dressing ality, and he replaced it with Ticket sales, sponsorships hit highs passion point for our cardholders,” room, out of sight of the a picture of Mr. Klein with said Cheryl Guerin, senior vice presi- crowd that had come for the Bianca Jagger and an been smooth, though. JALC suffered dent of U.S.marketing at MasterCard launch of his Eternity fra- unidentified hunk at Studio BY MIRIAM KREININ SOUCCAR growing pains as it morphed from a Worldwide. “The ability to gain ex- grance. 54. fledging arts group, struggling to put clusive access and be a part of some of Another journalist sidled No good deed goes un- On July 25, the presale for individual jazz on a level playing field,with opera the unique concerts and events that up to me and whispered that punished: Mr. Klein kept his tickets for Jazz at Lincoln Center’s or classical music to the owner, in happen at JALC is priceless for them.” the star attraction had been ads out of the magazine for 2011-12 season begins. Some advice: 2004, of a $131 million, 100,000- Such accolades are no accident. spirited away because of my five years. Snap them up fast, because they won’t square-foot home in the Time War- Mr. Ellis has worked hard to market presence but that Kelly Klein, A month after the story last long. ner Center. Though Jazz at Lincoln Jazz at Lincoln Center to corpora- his then-brand-new wife, was published, Mr. Kosner The season opens with jazz greats Center has had just one artistic leader, tions,offering them perks like the best was somewhere in the store. summoned me to his office to Jimmy Heath and Jon Hendricks and Mr.Marsalis,it blew through four top seats at concerts and the use of the or- With nothing better to do, inform me that Calvin Klein’s includes a special concert administrators on the ganization’s stunning Allen Room for I found Ms.
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