Tuesday: Hip Brooklyn Novelists (and Boy George) Save The Day!

  • If you look on the bright side, many more new homes were sold in May than Wall Street had predicted. But they were mostly in the South. (And the West. And the Midwest.) As for us lovely Northeasterners, our sales were down 7.9%, matching a 2004 low-point. At least everyone will soon share in our suffering: the National Association of Home Builders’ sales index dropped to an 11-year low. And why do experts pay attention to these kinds of numbers? “To gauge the magnitude of an anticipated slowdown.” Let the gauging begin! (The Wall Street Journal)
  • Now we remember why we avoid big Manhattan office buildings: 32 high-def LCD televisions will be set up in six local towers–including 1 New York Plaza and the Grace Building–to broadcast the new Wall Street Journal Office Network. If all goes well, the station will show up in forty buildings owned by Trizec Properties (which somehow translates to 100,000 lucky viewers.) Whatever it means to watch “news summaries in the distinctive Journal typeface,” we want it right now. Distinctively. (Crain’s)
  • Sadly, none of those high-def WSJ channels will reach Brooklyn. But all is not lost, because yesterday Bloomberg broke ground on the first development allowed by the recent Greenpoint-Williamsburg waterfront rezoning. Phase One will create Northside Piers and Palmer’s Dock, which will amount to 300 residential units and two unattractive names. (The Real Deal)
  • And when oozingly hip writers are on its side, Brooklyn need never fear. The lucky P.T.A. down at Park Slope’s P.S. 107 is getting some dough for its library, thanks to friends like Gary Shteyngart (Absurdistan) and John Hodgeman (from The Daily Show). Plus Jonathan “I Love Frank Gehry” Lethem. Plus Jonathan Safran Foer, Paul Auster, Jhumpa Lahiri, and Rick Moody. Absurdistan indeed. (The New York Times)
  • Good old MTA doesn’t mind that the Fulton Street Transit Center has now gone nearly $100 million over budget. (Or that the transit hub’s opening has been pushed back to June 2009.) Because, if the officials think hard enough about it, everything proves to be “very good news.” (Newsday)
  • For once in their lives, it seems that rich Upper East Siders won’t get their way: Four years since Bloomberg’s initial proposal, the City Council inches ever closer to reopening a UES trash transfer station. But isn’t it better for everyone if we just force drug-addled celebrities to take care of our sanitary conundrums? (NY1)
  • - Max Abelson