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New York

Bronx sees $1B in ’07 investments

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Money for new development continues to pour into the city’s northernmost borough, with a recently released report indicating a flow of almost $1 billion in new investments to the Bronx this year alone. The report, issued by the office of Bronx Borough President Adolfo Carrion Jr., states that the Bronx has seen roughly $965 million in new development since the start of 2007, including a tremendous $453 million just last month. The funding represents 118 new addresses issued by Carrion’s office during June, with a total of 506 new addresses issued so far in 2007. more By John DeSio