WEBVTT - Author Freudenheim on Book: 'The Brooklyn Experience' (Audio)

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<v Speaker 1>Broadcasting Live to New York, Bloomberg eleventh, Brio to Washington,

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<v Speaker 1>d C, Bloomberg to Boston, Bloomberg twelve, unders to San Francisco,

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<v Speaker 1>Bloomberg nine to the Country, sees at DAMN Channel one,

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<v Speaker 1>and around the globe the Bloomberg Radio plus Appen Bloomberg

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<v Speaker 1>Got Gone. This is taking Stock. I'm Kathleen Hayes along

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<v Speaker 1>with Pim Fox. You know, from Paris to Rio. Everyone's

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<v Speaker 1>curious about hot New Brooklyn. It seems like people from

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<v Speaker 1>overseason they know you're from Brooklyn. They think you're the hipster,

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<v Speaker 1>not the people who have in Manhattan anymore. Well, a

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<v Speaker 1>new book, The Brooklyn Experience, Ellen Freudensheim's fourth comprehensive Brooklyn

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<v Speaker 1>guide books. She's going to tell us all about what's

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<v Speaker 1>really going on. There's the true insiders guide him. Of course,

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<v Speaker 1>she moved over to Brooklyn years ago when the neighborhoods

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<v Speaker 1>were cheaper and it was really just starting to come

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<v Speaker 1>up to what it is now. For example, in the

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<v Speaker 1>last ten years, private sector employment in Brooklyn grew by

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<v Speaker 1>twenty that's faster than any other borrow and nearly twice

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<v Speaker 1>the rate of growth in the rest of New York City.

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<v Speaker 1>Right now, let's go to Charlie Pellet and the Bloomberg

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<v Speaker 1>News from for Bloomberg Business Flash, and I think very

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<v Speaker 1>much pimp Fox that DAL the SMP NEZDAK all moving

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<v Speaker 1>higher right now as from p. Five hundred, index trading

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<v Speaker 1>at a record is up eleven points now, a gain

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<v Speaker 1>of five tenths of one percent. Federal Reserve Bank of

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<v Speaker 1>Kansas City President Esther George has resumed her advocacy for

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<v Speaker 1>interest rate increases, citing the June rebound in U S

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<v Speaker 1>hiring is a key reason to push rates further above zero.

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<v Speaker 1>Her comments came in a speech today in Lake Ozart, Missouri. George,

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<v Speaker 1>by the way, considered one of the most hawkish members

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<v Speaker 1>of the f o m C. Stocks are higher, the

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<v Speaker 1>dollar strengthening with industrial metals amid speculation in the US

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<v Speaker 1>economy maintains a strong enough or is strong enough to

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<v Speaker 1>propel global growth without forcing the Federal Reserve the Titan policy.

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<v Speaker 1>Oil swinging between gains and losses. Oliver Sloop is with

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<v Speaker 1>II Trader. He's in Chicago. He rig Houns have been

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<v Speaker 1>up five out of the last six we was in

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<v Speaker 1>the case. They were seeing activities start to pick up

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<v Speaker 1>at these higher prices and they think that votes well

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<v Speaker 1>for the bears in this market. It kind of has

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<v Speaker 1>some of the bulls on their heels taking some profits

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<v Speaker 1>at these higher prices. We also have Canada coming back online. Uh,

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<v Speaker 1>they were disrupted from wildfires. Outside of Canada. We also

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<v Speaker 1>had Nigeria picking up again and they were disrupted by

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<v Speaker 1>militest man. Right now, we do have West Texas Intermediate

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<v Speaker 1>Crew down one point four percent, Gold down point one percent,

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<v Speaker 1>thirteen fifty six announced SMP up by five tenths of

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<v Speaker 1>one percent to thirty two on Wall Street. Now we'll

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<v Speaker 1>look at other stories making news. Charlie, thank you from

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<v Speaker 1>the Bloomberg News room. I'm Mark Crumpton, Home Secretary. Theresa

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<v Speaker 1>May will succeed David Cameron as the UK's next prime minister.

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<v Speaker 1>The way was cleared when Energy Minister Andrea led Some

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<v Speaker 1>and he's only opponent in the conserved of the party's

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<v Speaker 1>leadership race dropped out. The interests of our country are

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<v Speaker 1>best served by the immediate appointment of a strong and

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<v Speaker 1>well supported prime minister. I am therefore withdrawing from the

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<v Speaker 1>leadership election, and I wish to reason May the very

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<v Speaker 1>greatest success. I assure her of my full support. May

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<v Speaker 1>will become Britain's second female prime minister, Margaret Thatcher was

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<v Speaker 1>the first. It may be a sign that Bernie Sanders

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<v Speaker 1>is about to endorse Hillary Clinton. Sanders will campaign with

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<v Speaker 1>the likely Democratic presidential nominee tomorrow in New Hampshire. The

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<v Speaker 1>parents of Dallas shooter Micah Johnson are speaking out after

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<v Speaker 1>the deadly ambush last week that left five police officers dead.

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<v Speaker 1>James Johnson became emotional while speaking with the website The

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<v Speaker 1>Blaze to h y, can you think better? Um? I

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<v Speaker 1>didn't see it coming. Attorney General Eric Schneiderman suing a

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<v Speaker 1>company he says trick job hunters into spending money on

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<v Speaker 1>security guard training and other courses they didn't need. Delta

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<v Speaker 1>Services is accused of using fake job listings. Global News

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<v Speaker 1>twenty four hours a day, powered by more than twenty

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<v Speaker 1>hundred journalists and analysts in more than one hundred twenty

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<v Speaker 1>countries from the Bloomberg news Room by Mark Crumpton, Charlie

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<v Speaker 1>and we thank you what again. Recapping stocks are higher,

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<v Speaker 1>with the SMP five hundred index climbing eleven points now

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<v Speaker 1>to that is the gain of five tenths of one percent.

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<v Speaker 1>I'm Charlie Pellett, and that's a Bloomberg Business flash during

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<v Speaker 1>listening to taking Stock with pin Box at Kathleen Hayes

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<v Speaker 1>on Bloomberg Radio. Over the past decade, the borough of

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<v Speaker 1>Brooklyn has expanded at a rapid pace. It has attracted

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<v Speaker 1>new businesses, new residents. Down Town Brooklyn is now the

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<v Speaker 1>largest business district outside of Manhattan. And there are a

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<v Speaker 1>number of other economic centers in Brooklyn, including the Brooklyn

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<v Speaker 1>Navy Yard, Sunset Park, Williamsburg, and Green Point. While if

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<v Speaker 1>all these are not familiar to you, our next guest

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<v Speaker 1>will be of help. Ellen Freudenheim is the author of

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<v Speaker 1>the new book The Brooklyn Experience, The Ultimate Guides Who,

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<v Speaker 1>Neighborhoods and Nash's Culture and the Cutting Edge all about Brooklyn,

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<v Speaker 1>and she joins us in the studio. Ellen, thanks very

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<v Speaker 1>much for being here. Why exactly did you decide to

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<v Speaker 1>write this book? It's my fourth guide book. But Brooklyn

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<v Speaker 1>has changed dramatically in the last decade since the last one. Uh.

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<v Speaker 1>It went from being a kind of down and out

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<v Speaker 1>attitude e younger sibling to Manhattan to being the upper

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<v Speaker 1>center of the cultural world. Of New York, which is

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<v Speaker 1>a pretty big transition. I really wanted to connect the

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<v Speaker 1>dots between old and new Brooklyn. Could you explain to

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<v Speaker 1>listeners who, even if they visited New York, maybe you've

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<v Speaker 1>never gone to Brooklyn when you say it's become the

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<v Speaker 1>epicenter of culture in New York, explain why you're saying

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<v Speaker 1>that there's a fabulous creative dynamic at work in Brooklyn

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<v Speaker 1>right now. And you can see it in UH indie bands,

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<v Speaker 1>in the literature, this tremendous literature scene, in many many

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<v Speaker 1>small restaurants, in culinary on enterprises, manufacturing enterprises, in renovations

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<v Speaker 1>sort of incredible renovations of old abandoned man manufacturing sites.

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<v Speaker 1>There's just all ton going on, and there's a lot

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<v Speaker 1>of youthful energy. Let's just talk about some of the

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<v Speaker 1>areas that are most attractive at least to businesses. Maybe

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<v Speaker 1>the Brooklyn Tech Triangle right this is UH Dumbo, the

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<v Speaker 1>Brooklyn Navy Yard and downtown Brooklyn. And just as an example,

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<v Speaker 1>I believe that though when the UH the Brooklyn Navy

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<v Speaker 1>Yard project was proposed, we were talking about well, UH

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<v Speaker 1>twelve million dollars I think it was estimated economic impact

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<v Speaker 1>twelve billion. I beg your pardon estimated economic impact for that.

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<v Speaker 1>It's a vast site. That Brooklyn Navy Yard has been

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<v Speaker 1>around since eighteen o one, and it's there's lots of

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<v Speaker 1>property there and there's buildings that are very interesting and

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<v Speaker 1>can rehab able. So the Brooklyn Navy Yard as some

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<v Speaker 1>of the other post industrial sites, the Brooklyn Army Terminal,

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<v Speaker 1>Bush Terminal which is now called Industry City, the Domino

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<v Speaker 1>Sugar Factory which is now being rehabbed into condo's. All

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<v Speaker 1>these old industrial places where purposeless for a long time

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<v Speaker 1>after World War Two, and the Brooklyn Navy Yard in

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<v Speaker 1>particular has just had an incredible renaissance and hats off

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<v Speaker 1>to the people for doing it. Steiner Studios is there.

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<v Speaker 1>It's a huge stage production stage. There are tons of

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<v Speaker 1>sustainable or teasonal green kind of micro enterprises at work there,

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<v Speaker 1>and there's soon will be a Wigman supermarket as well.

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<v Speaker 1>It's a museum for tourists. Building ninety two is a

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<v Speaker 1>fabulous little museum about the history of the Navy Yard itself.

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<v Speaker 1>Of it's it's a it's a story of a Phoenix.

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<v Speaker 1>I'm stealing this from your book with Steiner Studios, which

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<v Speaker 1>is the largest tenant at the Navy Yard, is the

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<v Speaker 1>largest film and television studio complex with the largest sound

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<v Speaker 1>stage outside of Hollywood. It's got ten sounds stages and well,

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<v Speaker 1>I mean it's also near a rooftop garden. Yes, it's

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<v Speaker 1>fabulous over there. You never really know what you're gonna

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<v Speaker 1>uh see. If anybody is a tourist who wants to

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<v Speaker 1>see it has to take a tour with turnstyle tours.

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<v Speaker 1>You can't just go in and wander around. It's a

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<v Speaker 1>sort of business to business operation. Steiner Studios is well

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<v Speaker 1>known in the film industry. It's not well known to

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<v Speaker 1>the person on the street, but it's significant that they

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<v Speaker 1>that they decided to move to Brooklyn and to populate

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<v Speaker 1>that space. Coincidentally, my nieces visiting from the Seattle area

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<v Speaker 1>and we went to uh Brooklyn flee over by it

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<v Speaker 1>in Dumbo under the bridge, and the Smorgasberg where all

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<v Speaker 1>the food vendors usually are was not operating because of

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<v Speaker 1>Stephen King movies being filmed there. So but it was

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<v Speaker 1>really delightful, really really cool. That seems like the part

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<v Speaker 1>of Brooklyn now that is so established. What about the waterfront,

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<v Speaker 1>because it's so important. When I first moved to New

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<v Speaker 1>York years ago, I was surprised there wasn't more water

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<v Speaker 1>waterfront development anywhere, But it is Brooklyn moving that direction

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<v Speaker 1>to it's a fabulous story. I mean, there's twenty six

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<v Speaker 1>miles of waterfront in Brooklyn and if you you can

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<v Speaker 1>see that, there has been high rise residential development in

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<v Speaker 1>North Brooklyn. So that's along green Point and the Williamsburg

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<v Speaker 1>Coast if you will. Dumbo is a refurbished post industrial

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<v Speaker 1>neighborhood was really darrel like. There was a terrible place

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<v Speaker 1>after World War Two. Then there are the docks which

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<v Speaker 1>have now become Brooklyn Bridge Park. It's it's gorgeous. The

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<v Speaker 1>idea of using the waterfront for more than just going

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<v Speaker 1>up to the front to the edge of the water

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<v Speaker 1>is something that people are now talking about as a

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<v Speaker 1>sixth borough. New York City in general is covered with

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<v Speaker 1>water covered. There's a lot of water here and you

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<v Speaker 1>could build on the water. You could do you can

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<v Speaker 1>not just go in it, but use it in more

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<v Speaker 1>creative ways. I that's a that's an area to watch.

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<v Speaker 1>We need creative leadership in financing for that, but it's great.

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<v Speaker 1>Where would you recommend someone go if they'd like to

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<v Speaker 1>maybe impress their younger offspring that they are hip and cool.

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<v Speaker 1>Where would you suggest They tell them they go home

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<v Speaker 1>tonight and they say, you know, let's go to this

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<v Speaker 1>place in Brooklyn. Depends how younger. Anybody who is over

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<v Speaker 1>safe fifteen is going to be really interested in Williamsburg,

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<v Speaker 1>Green Point and possibly Bushwick, which is pretty edgy, but

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<v Speaker 1>there's tons of art galleries and it's really feels energetic

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<v Speaker 1>and young. It's a working place during the day and

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<v Speaker 1>in the evening things pick up well. Ellen fdnhim. I

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<v Speaker 1>think you've wetted everyone's appetite, not only for Brooklyn, but

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<v Speaker 1>also for your new book. She's the author of The

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<v Speaker 1>Brooklyn Experience. It's her fourth Brooklyn guide book, and she's

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<v Speaker 1>she's over to Brooklyn early eighties. So this lady knows

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<v Speaker 1>what she's talking about. I'm Kathleen. He's along with Pim

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<v Speaker 1>Fox and this is Bloomberg. Bloomertaking Stock is brought to

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