Crain's New York - April 29, 2013 - (Page 3)
IN THE
BOROUGHS
QUEENS
Fortifying the food network
Jet noise
has locals
plane mad
ROCKAWAY
RESCUE: Food Bank
CEO Margarette
Purvis is working with
the private sector to
bring relief to hardhit areas.
Protest takes wing as
LaGuardia neighbors
blast new flight paths
BY CHRIS BRAGG
See FORTIFYING on Page 22
See LOCALS on Page 8
buck ennis
also proving to be a catalyst for change.
No one was more surprised than Ms. Purvis
when the fashion industry,
INSURANCE
for example, stepped up to
HEADACHES
help in the aftermath of the
Lawsuits follow
storm.
denial of claims
“As a group, they had nevPage 4
er been big cash givers,” she
said. “But we have always
wanted the fashion community.”
Big retailers like Century 21, Bloomingdale’s
and Burlington Coat Factory became Food
Bank donors for the first time, while model
Last summer, residents of several
pleasant, low-rise neighborhoods in
northeast Queens swore they noticed a sudden spike in noise levels.
Jets from neighboring LaGuardia
airport seemed to be thundering
overhead lower and more frequently
than ever, setting off car alarms and
rattling homes from dawn to dusk.
“It’s been like living in a war
zone,” said Janet McEneany, president of a newly formed organization
wistfully dubbed Queens Quiet
Skies. “Planes have been flying in
low and loud every 20 seconds, from
6 a.m. until midnight.”
In retaliation, last year one frustrated homeowner in Woodside began phoning the manager’s office at
LaGuardia every time a plane roared
by. That strategy, however, only
managed to land her a personal visit
from uniformed officers of the Port
Authority of New York and New Jersey, the agency that owns the airport.
Meanwhile, other residents in
Woodside, as well as in nearby Bayside, Douglaston and Whitestone,
began picking up their phones and
REBUILDING NY
BY LISA FICKENSCHER
The Food Bank for New York City began
reinventing itself soon after Superstorm Sandy
struck six months ago. Like the rest of New York,
the 30-year-old nonprofit was unprepared for
the havoc the storm wreaked and the impact it
continues to have on the Far Rockaways and
Coney Island, among other places.
“These areas were already isolated and underserved by social services, and then the storm
knocked out their basic infrastructure,” said
Margarette Purvis, chief executive of the Food
Bank, which supports 600 food pantries and 200
soup kitchens citywide.
But the Food Bank, the backbone of the
emergency food supply in the city, is rising to the
challenge. It is rethinking how it delivers services, mapping out a strategy for the next disaster
and looking at how it can leverage the outpouring of support from the private sector.Sandy may
have devastated shoreline communities, but it is
Incredible shrinking branch is
banking’s cramped new world
bloomberg news
Less square footage
means roaming
tellers with iPads and
prime retail vacancies
BY AARON ELSTEIN
The future of banking can be found
in a Chelsea basement.
That’s where Wells Fargo & Co.
is developing its next-generation
branch, which features everything
from high-tech ATMs that remember how much cash you typically
withdraw to free-ranging tellers toting iPads so they can address questions about your accounts.
But what’s really striking is how
small the prototype branch is: At
about 1,000 square feet, it’s 75%
smaller than the traditional Wells
Fargo outpost upstairs.
‘Smaller
branches are
unquestionably
the future’
Say hello to banking’s brave,new,
cramped world.
Driven by changing consumer
behavior and the urgent need to re-
duce costs, banks are devising ways
to cut their branches down to size.
Wells Fargo opened its first nextgeneration branch in April in
Washington, D.C., and is looking
to open seriously shrunken branches in New York and other major
cities. JPMorgan Chase & Co. has
started building branches that are
25% smaller than older models.
They have started showing up on
Long Island to replace banks deluged by Superstorm Sandy.
The decision by banks to slim
down their branches could have major implications for the real estate
market throughout the city. In just
the first dozen years of the millennium, the number of bank branches
in the five boroughs increased by
45%, to 1,761, according to Federal
Deposit Insurance Corp. data.
Many of them occupy prime retail
space that could be freed up for
STATS AND THE CITY
GREENING THE BIG APPLE: The Bloomberg administration last week
expanded its plastics recycling program and pushed for composting.
1.2M
TONS THE CITY recycled in 2011, down 36% from
2008, partly because of fewer newspapers
6,700
TONS OF FOOD waste generated daily, a
third of the city’s total refuse
$642
PER-TON recycling cost in 2011, compared
with $261, the cost of collecting garbage
50K
ANNUAL TONS of waste expected to be diverted
from landfills under new plastic-recycling rule
All years are city
fiscal years.
Sources: City of
New York; NYC
Dept. of Sanitation
150
POUNDS of waste prevented when an office
using 50,000 sheets of paper prints double-sided
istockphoto
Food Bank is using the
harsh lessons from Sandy
to prep for the next disaster
ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY
See BANKS on Page 24
April 29, 2013 | Crain’s New York Business | 3
Table of Contents for the Digital Edition of Crain's New York - April 29, 2013
IN THE BOROUGHS
IN THE MARKETS
THE INSIDER
BUSINESS PEOPLE
REAL ESTATE DEALS
SMALL BUSINESS
OPINION
GREG DAVID
REPORT: EDUCATION
THE LIST
FOR THE RECORD
CLASSIFIEDS
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS
Crain's New York - April 29, 2013
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