Fifth Avenue busway will harm the city's economic rebound

Fifth Avenue is the beating heart of New York’s economic engine. The densest section stretches from 42nd to 59th streets—the core of Midtown.

In good times it represents roughly 236,000 jobs, many of which are held by business owners of color, particularly in the hospitality sector. It accounts for 5% of the city’s tax base, and it is the No. 1 retail street in the world.

While things are certainly better now than they were last year, the effects of the pandemic remain on Fifth Avenue.

New York has suffered deeper job losses than any other big American city, and while the rest of the country has regained two-thirds

→ Continue reading at Crain's New York Business

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