New York unprecedented cash crisis- New York Design, trend setting hot spots

New York unprecedented cash crisis- New York Design, trend setting hot spots

BUDGET DEFICIT : Even if the  current deficit is closed, the state is at a considerable risk going forward , and will have difficulties borrowing money because of the worsening credit rating which will significantly increase the level of interest rate.

New York ,  has  a $130 billion budget  and a deficit of $3.2 billion.The second largest deficit behind California.

Governor Paterson has warned of the possibility of state-worker furloughs, and  delayed state-aid paiments being $1.6 billion to pay to  school districts,  $2.5 billion in property tax relief to  landlords, and  half a billion in general aid.

The grim news of the current fiscal year will get far worse in the next fiscal year , as it is impossible to cut $3 billion this year, and highly unlikely  to reduce the budget by $ 6 billion next year!

NEW YORK DESIGN, TREND SETTING HOT SPOTS :

Restaurant, glamorous hotels and shops made over by top architects of the moment.

Strolling thru the NYC turmoil , you can feel the creation in the air.

Start with the DROOG , www.droog.com

10000 square feet of pure pleasure in Soho, a specatular boutique by Jurgen bay

BDDW  , www.bddw.com

Soho Natural design with tree trunks cut  lenghtwise then laid up against the walls gives a fairy tale feeling.

Tyler Hays also surprises with his tables structured out of Walnut.

JOHN DERIAN Company , www.johnderian.com

This boutique in the east village is often frequented by the top design stylists looking for ideas.

His dishes, lamps and vases are the definition of elegance and charm. You will also find a selection of his own favorite designers in household objects.

GAGOSIAN, www.gagosian.com

Gagosian art galerie and shop in one.

Larry Gagosian , puts together works from top contemporary artists, furniture from top designers and even trendy wallpaper.

Time for a drink  a bite to eat, what a better place that the VIP Headquarters, Monkey bar, www.monkeybarnewyork.com

(The web site is « light » )

Design reflecting the memory of its first VIP’s, Fred Astaire, Frank Sinatra, and Ernest Hemingway among others.

Booths with red leather and  paintings 30’s style by Ed Sorrel.

Final stop,  Ace Hotel and the Standard Hotel New York

www.acehotel.com     www.standardhotels.com

The First , very urbain with its « wall paper » by the artist Michael Anderson, photocopies of small posters from the 90’s on.

Other feature is the wood panelling taken from a Park Avenue apartment used for the bar decor.

Then the Standard Hotel, a daring new building, certainly the most unusual and significant New York building in years,  every room has a stunning skyline on Hudson river vistas.

André Balazs  has done it again with the Standard.

This glass sky scraper in the Meat Packing district with its restaurant is the spot to be.

Minimalist decor and large bay windows make you feel like your literally hanging over the city.

Standard hotels can also be found  in Hollywood, Downtown LA  and Miami beach.