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Series Returns to Bronx, Bringing Thin Trickle of Business to Local Merchants

It’s officially a meme: The New York Times, following in the footsteps of WNYC and WCBS-TV, has an article today on how business at stores on 161st Street has cratered after the new Yankee Steakhouse and Baseball Stadium opened this year. A sample of the Times’ contribution to the genre:

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While working in his father’s souvenir shop up the block, [Saeed Alawy of Pin Stripe Collectibles] recalled, there was no time to fold the T-shirts before selling them. Customers were lined up three and four deep at the counter yelling out orders and tossing wads of bills.

“They were throwing the money,” Mr. Alawy, 47, said.

Over the course of an hour on Monday, just 13 shoppers wandered into Pin Stripe Collectibles and Mr. Alawy made only four sales, for a total of $107.

One could nitpick that there wasn’t actually a game in the Bronx on Monday, but the other reports indicate that it’s a problem even on game days: The Yankee Tavern’s owner told WCBS that his business is off 20 percent this season, while the Concourse Card Shop’s is down by half. “This playoff is totally different,” Jeans Plus manager Abdul Traore told WNYC. “Saturday, I stayed here from the time the game start until 2 o’clock in the morning, I don’t even make a thousand dollars” — compared to $5,000 on a typical game night at the old stadium. Read more..

 

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161st Street: Yankees Looming, Bronx Booming?

 

NEW YORK, NY February 26, 2009 —The crisis that started on Wall Street is now hitting main streets everywhere. WNYC has started a new project called Main Street NYC to track the changes on five streets. Last month we took you to Smith street in Brooklyn. In the Bronx we’re going to 161 st Street just in the shadow of the new Yankee Stadium.

Visit Main Street NYC for more photos

Urban planners and developers have begun the process of converting this commercial strip into a global marketplace. A massive proposed rezoning has many long time Bronx residents watching this street closely. WNYC Elaine Rivera has the story.

Read more..

 

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