Since New York is the commercial capital of the world, that increased access to technology is unlocking a huge pool of specialized, albeit nontech, entrepreneurial talent.
The authority recently took back the lido from a commercial operator but has said so much work is needed it is hard to predict when the pool might reopen.
He assumed that he could deregulate 12% to 15% of the apartments a year, a laughable figure that embittered even those residents whom management's private detectives didn't try to evict. (Mr. Speyer's firm, tellingly, had made its name in commercial real estate, not residential.) Mr. Speyer had overestimated cash flow and the pool of would-be affluent renters, and had underestimated maintenance costs.