Is Newark the next Brooklyn?
In an expansive pair of articles about Newark and its mayor as well as an accompanying photo essay, Politico asked in 2015, “Is Newark the next Brooklyn?”
Much in these pieces is rightly encouraging. Yes, it is the case that 29% of Newark residents are living under the poverty level. But at the same time, it’s true that Newark’s downtown real-estate assets are now just beginning to attract attention from investors after long years of tepid investment, if not broad avoidance.
Additionally, new leadership in City Hall has made it clear that while attracting more residents downtown is a goal, it has to be complemented by other ingredients of city and neighborhood revitalization such as investing in the people who live there.