In New York, the most glaring signs of the Great Recession are the stalled construction sites littering the city--boarded up, dusty, and desolate eyesores.
The architecture mega-firm Woods Bagot may have a solution, which they've just unveiled: Temporary, inflatable buildings that let the developers make money while they wait for their finances to shape up. "We tried to re-imagine how you could reuse those sites," Jeff Holmes, the partner in charge of Woods Bagot's New York office, told FastCompany.com. "But it had to be a real proposal. There's been a number of creative solutions in New York and Boston because of the number of stalled states. We took a hard-nosed look at creating something viable."
Stalled sites pose a problem for developers whose financing has dried up in the recession because even when sites lay unused, they wrack up huge tax burdens--as much as $2 million a year. And sites can easily go fallow for 2 to 5 years.
http://www.fastcompany.com/1662273/stalled-sites
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