“Money Never Sleeps”
Elizabeth Schambelan

In Elizabeth Schambelan’s essay

on hypergentrification, our real estate developer-in-chief is situated in the context of a wider tragicomedy of corruption and collusion, as New York City replaces its residents with one shining, unsold luxury tower after another and the Trump administration’s “Opportunity Zone” program fuses predatory development with disaster capitalism.

Illustration captioned “The Soldier with the green whiskers led them through the streets.” W. W. Denslow, from *The Wonderful Wizard of Oz* by L. Frank Baum, original published 1900.
Hudson Yards, New York City. January 9, 2019. Photo: Trebor Scholz.
 

Elizabeth Schambelan is a writer and executive editor of Artforum. She has taught at the School of Visual Arts and the Bard Center for Curatorial Studies and has written for publications including Art in America, Artforum, Bookforum, Film Comment, the Los Angeles Review of Books, and n+1. She is the recipient of a 2019 Rona Jaffe Foundation Writer’s Award and the 2019 n+1 Writer’s Fellowship. She is working on a book about fratriarchal masculinity to be published by Farrar, Straus and Giroux.

Image in menu courtesy of Skyglow Project.

“Money Never Sleeps”
Elizabeth Schambelan

In Elizabeth Schambelan’s essay

on hypergentrification, our real estate developer-in-chief is situated in the context of a wider tragicomedy of corruption and collusion, as New York City replaces its residents with one shining, unsold luxury tower after another and the Trump administration’s “Opportunity Zone” program fuses predatory development with disaster capitalism.

 

Elizabeth Schambelan is a writer and executive editor of Artforum. She has taught at the School of Visual Arts and the Bard Center for Curatorial Studies and has written for publications including Art in America, Artforum, Bookforum, Film Comment, the Los Angeles Review of Books, and n+1. She is the recipient of a 2019 Rona Jaffe Foundation Writer’s Award and the 2019 n+1 Writer’s Fellowship. She is working on a book about fratriarchal masculinity to be published by Farrar, Straus and Giroux.

Image in menu courtesy of Skyglow Project.