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April 13, 2008

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Comments

Alan Licht

Well said (and posted), Kurt.

License Farm

I loved Tonic, and along with the loss of Luna Lounge and Collective Unconscious I considered those three stakes in the heart of the Lower East Side. I've been wondering lately, if recession or worse strikes this country, who are these supposed thousands of moneyed people who will buy or rent the condos and other new apts plopped into where cheap culture once flourished? Call it a pollyanna hunch, but when these luxury homes fail to net their owners the pennies-on-the-dollar profits they'd expected when they invested, they will either be left to rot, and thus reclaimed by squatters, or at very least be discounted heavily. You give it a few years; the Lower East Side is coming back.

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