New York City: Not a ‘Luxury Product’ Anymore

New York City: Not a ‘Luxury Product’ Anymore

North view of the Manhattan skyline from the 86th floor observation deck of the Empire State Building in midtown Manhattan in New York City, June 24, 2020. (Mike Segar/Reuters)

Years of gross mismanagement and the ravages of COVID-19 have left the city a seedy, grimy shell of itself.

New York City, then-mayor Mike Bloomberg famously boasted in 2003, is a “luxury product.” It was then a plausible way to think about this famously high-priced city, where many things are terrible but many other things — theater,…

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