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Varney: Coronavirus will forever change New York City
Varney: NYC will recover from coronavirus, but it won’t be the same
FOX Business’ Stuart Varney discusses how the coronavirus will impact New York City.
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FOX Business’ Stuart Varney, in his latest “My Take,” argues New York City will be forever changed due to the coronavirus pandemic.
“New York is America’s biggest city. It’s been shut down for over two months,” Varney said. “It will come back, but it will not be the same.”
Varney noted that 6th Avenue in Midtown was “almost deserted” Wednesday morning.
“To bring this back to life, the giant office buildings which line the street have to staff back up again,” he said. “In the age of social distancing and liability lawsuits, that's unlikely to happen anytime soon. That means fewer jobs, less tax revenue and sharp downward pressure on apartment and office rents.”
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