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This edition: NYC Towerization: Real Estate Power and Housing Crisis


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Episode Details

Original tape date: April 18, 2025. First aired: May 6, 2025.

In this episode of One to One, Sheryl McCarthy interviews economist and author Lynn Ellsworth, who critiques the rise of super-tall glass skyscrapers in New York City as a product of unchecked real estate power and weak regulation. Ellsworth argues this "towerization" has worsened housing affordability and eroded the city's livability and historic character. She highlights how developers exploit rezoning and subsidies while avoiding taxes, with little resistance from captured regulatory agencies. To reclaim a livable city, she calls for campaign finance reform, people-centered urban planning, and investment in public infrastructure and small businesses.

Guest List

Lynn Ellsworth Economist, Author