Saturday, March 8, 2014

Rising Rents Leave New York Artists Out in the Cold

Rising Rents Leave New York Artists Out in the Cold - NYTimes.com

(Excerpt)
It’s been over six months since some four dozen artists lost their studios in Industry City, a sprawling factory complex on the Brooklyn waterfront. Many had spent decades hopping from studio to studio, from borough to borough. But according to interviews with over two dozen of the displaced, that practice of alighting in new, ungentrified neighborhoods has, at least for them, ground to something of a halt, hampered by a common refrain in New York: Rents are rising too fast.