New York City: Great Reset
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New York City: Great Reset

New York City: The Great Reset

New York City: The Great Reset

The NYU School of Professional Studies hosted a major thought leadership event, "New York City: The Great Reset," on Wednesday, July 29, 2015 at the NYU Kimmel Center for University Life. Prominent city leaders, urbanists, entrepreneurs, and investors discussed what's in store for the City as it continues to grow and evolve, as well as the ways in which New Yorkers can strive to build a more creative and inclusive city for all.

The event served as a vehicle for the discussion of a complex body of research—conducted by NYUSPS faculty members and administrators Richard Florida, a renowned urbanist and clinical research professor; Hugh F. Kelly, a leading real estate economist and clinical associate professor; Steven Pedigo, clinical assistant professor and director of the NYU School of Professional Studies Initiative for Creativity and Innovation in Cities; and Rosemary Scanlon, former divisional dean of the NYU School of Professional Studies Schack Institute of Real Estate, former NYS deputy comptroller, and former chief economist for the Port Authority of New York & New Jersey—that was released in the form of a white paper, New York City: The Great Reset, on the day of the event. The research focused on New York City’s changing economic structure, its key industrial and occupational clusters, demographic trends, and real estate development patterns. The panelists touched upon many of the key points detailed in the white paper, including the City’s diversity, its immigrant population, the economic and cultural dynamism of Manhattan and the outer boroughs, on-ramp opportunities for upward mobility, and the growing numbers of the creative class.

Renowned Urbanist, Richard Florida, NYU School of Professional Studies clinical research professor, started the evening’s discussion by giving an overview of the findings released in the white paper. The New York Times Urban Affairs Correspondent Sam Roberts moderated the event’s three panels: “Create/NYC” with panelists Joshua David, Friends of the High Line co-founder, and Karen Brooks Hopkins, Brooklyn Academy of Music (BAM) president emerita; “Innovate/NYC” featuring panelists William "Bill" Fair, Ajax Ventures managing general partner, and Alex White, Pandora’s Next Big Sound head; and “Build/NYC” including panelists Rosanne Haggerty, Community Solutions president, Seth Pinsky, RXR Realty executive vice president, fund manager of Metro Emerging Markets, and public affairs director, and Frank Sciame, F.J. Sciame Construction Co., Inc. chairman and CEO.