Feb 131 min read

Extell claims to boost the economy, but truly only does so for the 1% of wealthiest New Yorkers. In 2015 they bulldozed their way through Chinatown, disrupting housing prices and local communities.

Today CNBC reports in Manhattan, a woman with the surname Yang, who had lived in a $1,100-per-month Chinatown apartment, which her family could now no longer afford due to increasing rent. See AMNY and CNBC for the full articles

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Extell claims to boost the economy, but truly only does so for the 1% of wealthiest New Yorkers. In 2015 they bulldozed their way through Chinatown, disrupting housing prices and local communities.

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