I don’t need a crystal ball to see the future; my community has already witnessed firsthand the effects of gentrification, displacement, and luxury development.
In Long Island City, we’ve seen the development of more than 25,000 luxury, market-rate units, leading to a rent increase of more than 43 percent over the last decade, far outpacing the city as a whole.
Woodside, which has not seen the same luxury development, has had just a 7 percent rent increase within the same period, less than the city average.
Read the full article here: https://sunnysidepost.com/op-ed-by-councilmember-julie-won-innovation-qns-can-afford-to-do-better
