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Flypaper

What Recession?

Peter Meyer
12.22.2010

This is the kind of story that makes you appreciate the serendipity of the morning newspaper:

The education sector, and especially the School Construction Authority, has become big business in the world of New York City real estate.

Indeed, somehow, despite funding cliffs and dire warnings of teacher layoffs, New York City is in the midst of a school building boom, according to this morning's Times.? The SCA has built ?a record? 26 new facilities this year, the?Times' Julie Satow reports, and is in the middle of an $11.7 billion five-year capital plan.

Much of this, of course, is due to the fact that the commercial real estate market in the City has all but collapsed, making construction companies extremely hungry.

Still, whatever happened to the online school boom?

?Peter Meyer, Bernard Lee Schwartz Policy Fellow

Tags: New York

Peter Meyer is an adjunct fellow with the Thomas B. Fordham Institute. Meyer is also a former News Editor of Life magazine and the author of numerous nonfiction books, including the critically acclaimed The Yale Murder (Empire Books, 1982; Berkley Books, 1983) and Death of Innocence (G.P. Putnam’s Sons, 1985; Berkley Books, 1986). Over the course of his three-decade journalism career Meyer, who…

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