Crains New York - June 11, 2012 - (Page 1)

INSIDE HEALTH CARE Local hospitals suffer growing pains PAGE 2 ® Sin City: Pot, pop and ponies, by the numbers PAGE 3 JUNE 11-17, 2012 PRICE: $3.00 Plus: NY’s top hospitals list PAGE 16 VOL. XXVIII, NO. 24 WWW.CRAINSNEWYORK.COM Greg David: Why city’s med centers must merge or die PAGE 11 Meet two of the busiest property buyers in town PAGE 3 Brooklyn Heights morphs into retail hot spot NEIGHBORHOODS, PAGE 7 john kuczala ALL BETS ARE ON BUSINESS LIVES GOTHAM GIGS Tourists’ ticket to exclusive events P. 25 ANNE FISHER How to overcome the tech talent shortage P. 25 ● ● Cuomo’s gambling reversal gives Javits shot at hotel, casino jackpot via Pier 76 BY LISA FICKENSCHER Pier 76 is home to the Police Department’s tow pound and horse stables. But in the near future, it could become an extension of the neighboring Jacob K. Javits Convention Center, complete with a grand casino and luxury hotels. Earlier this year, Gov. Andrew Cuomo threatened to tear Javits down. Now the center’s supporters,and perhaps even the governor,are weighing plans to expand the facility and make it part of a massive development project that will include a Las Vegas-style casino, hotels and retail along the Hudson River. The plan is gaining support from many corners, including individual members of Friends of the Hudson River Park Trust. It’s not an entirely new idea—parts of it first See ALL BETS on Page 5 TAPPAN ZEE TURMOIL Gov. Andrew Cuomo’s other big, troubled public-works proposal Page 5 MOVERS & SHAKERS Dewey partner down but not out P. 26 GAEL GREENE Hot and spicy at Singapura P. 27 ● IN THE MARKETS INDEX NEW YORK, NEW YORK __________________________6 THE INSIDER___________________________________________________8 REAL ESTATE DEALS _________________________________9 VIEWPOINT ___________________________________________________10 SMALL BUSINESS ___________________________________12 CLASSIFIEDS ______________________________________________19 FOR THE RECORD ___________________________________22 EXECUTIVE MOVES _________________________________25 THE WEEK AHEAD ___________________________________27 Volcker rules (on bank regs, that is) Former Fed chief in final push to stop banks from betting it all with your money Like a lot of people, Paul Volcker is disgusted with the nation’s banking system. The former Federal Reserve Board chief isn’t happy that so much business is concentrated in a handful of giant banks that he says are too big to properly manage. He’s alarmed that these institutions used their government-insured deposits to gamble on super-risky securities. He’s enraged when they exploit long-term bloomberg news Fashion BID seeks new label A changing district wants distance from its garmento past BY ADRIANNE PASQUARELLI The Fashion Center Business Improvement District has worn its name proudly for nearly two decades. Yet come 2013, a wardrobe change of sorts will take place. As designers exit the garment center, replaced by new tenants including hoteliers and visual See FASHION on Page 24 BY AARON ELSTEIN PAUL VOLCKER said even bankers don’t understand the complexities of banking. NEWSPAPER client relationships to make a fast buck on their trading desks. In short, says the legendary central banker who broke the Great InflaSee VOLCKER on Page 4 http://WWW.CRAINSNEWYORK.COM

Table of Contents for the Digital Edition of Crains New York - June 11, 2012

Crains New York - June 11, 2012
Table of Contents
Local hospitals suffer growing pains
Meet two of the busiest property buyers in town
Sin City: Pot, pop and ponies, by the numbers
New York, New York
Brooklyn Heights morphs into retail hot spot
The Insider
Real Estate Deals
Viewpoint
Greg David: Why city’s med centers must merge or die
Small Business
Plus: NY’s top hospitals list
Classifieds
For the Record
Tourists’ ticket to exclusive events
How to overcome the tech talent shortage
Executive Moves
Dewey partner down but not out
Hot and spicy at Singapura
The Weekahead

Crains New York - June 11, 2012