Bruce J. Katz, who founded the Brookings Institution’s Metropolitan Policy Program and is an author of the “Metropolitan Revolution,” said it had shifted from research parks and suburban corporate campuses to companies that work with networks of researchers, entrepreneurs and investors.
And innovation isn’t limited to start-ups.
Cities are undertaking groundbreaking projects to remake themselves physically, culturally and economically.
Among those cities featured in this Times article is Newark’s Triangle Park.
In February, Newark’s City Council passed legislation allowing the development of 22 acres of vacant land around the Prudential Center Arena, creating what will be known as Triangle Park.
The park, which will link Newark Penn Station, the Prudential Center Arena and the Ironbound District, will be the centerpiece of a plan to reinvigorate downtown and increase the city’s tax base. The cost of the project is estimated at $30 million.
The park will be pedestrian-friendly and will include restaurants and bars, as well as 2.5 acres of green space. Deputy Mayor Baye Adofo-Wilson said the goal was “to bring vibrancy back to some of the more distressed neighborhoods within the city.”
AeroFarms, an indoor, aeroponic farm whose global headquarters are in Newark, is building the world’s largest indoor vertical farm on Rome Street in the Ironbound section, in a 70,000-square-foot former steel mill.
Once fully running, it is expected to produce as much as two million pounds of leafy greens each year.
To read the full New York Times story, click here.