1. Art and Diseño

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Fanning the Flames
Score! The Rangers
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A Marital Squabble Over an Open Fire URBAN GARDNER A16
WSJ.com/NY
THE WALL STREET JOURNAL.
****
Tuesday, February 3, 2015 | A15
Cuomo Vows
To Toughen
Ethics Laws
Value Added | New York City’s most expensive homes
Number of homes with a market value* of $5 million or more in New York City, by neighborhood
North
RiverdaleFieldstonRiverdale
1–5
6–50
51–500
500 or more
6
$15 million
or more
$25 million
or more
1–5
6–25
26–50
51 or more
1–5
6–10
11–25
26 or more
Lincoln Square
176
Upper
East SideCarnegie Hill
Upper
East SideCarnegie Hill
1,907
332
West Village
33
Brooklyn
HeightsCobble Hill
Upper
West Side
2
BY JOSH DAWSEY
AND ERICA ORDEN
Upper
East SideCarnegie Hill
48
Lincoln Square
40
242
2 miles
Source: Independent Budget Office
*Based on recent sales
Note: figures include co-ops, condos and 1–3 family homes
The Wall Street Journal
Mapping Wealth of the City
In a First, Expensive Homes Are Tallied; 7,279 Valued at More Than $5 Million
BY JOSH BARBANEL
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Ramsay de Give for The Wall Street Journal
BY THOMAS MACMILLAN
Above, Superior Ink at 400 W. 12th St. Fifty condos in the building have values topping $5 million each.
condominiums under construction—or on the drawing boards—
which likely will add to the total.
“Manhattan is obviously becoming the abode of wealth, and
the trend will continue,” said
Kirk Henckels, director of Stribling Private Brokerage. “The pattern is for New York to become
wealthier, not poorer.”
The review points out somewhat obvious bastions of wealth
in new condos, such as 15 Central
Park West. In that single building, the analysis found, 206 highvalue condos have a total market
value of $3.1 billion.
But it also includes now-valuable co-ops owned by people
who are house-rich but cashpoor. They paid far less long ago
and now struggle to pay monthly
upkeep, brokers say.
“All my equity was in the
apartment so I was forced to
sell,” said Eliane Reinhold, a 76year-old photographer, film editor and composer, who sold her
co-op on Central Park West for
$5.375 million in January.
According to the left-leaning
Fiscal Policy Institute, $650 million a year could be raised by an
annual property tax surcharge of
up to 4% on pied-à-terre owners
of homes with market values of
more than $5 million.
But Mr. Propheter disagrees.
He found that if the tax were on
all $5 million residences—rather
than only pied-à-terres—it would
raise at most about $380 million.
Because many of these apartments are owned by New Yorkers, “actual revenue will fall
somewhere well below this maximum,” the analysis noted.
There was no way to tell how
many of these high-priced homes
are pied-à-terre from city records, said George Sweeting, a
deputy director of the Independent Budget Office. One hint: After the city phased out a co-op
and condo abatement for pied-àterre in 2013, the number of
Please turn to page A18
For the Arts, a British Sensibility
BY PIA CATTON
If you can make it here, you
can make it anywhere, or so the
song says.
But for arts leaders to make it
in New York, they may need to
make it in London first.
New York City has three arts
centers under development and
the artistic leadership at each
one is coming from across the
pond.
The Performing Arts Center at
the World Trade Center has David Lan, artistic director of London theater complex the Young
Vic, heading its creative team.
Kate Horton, formerly of England’s National Theatre, has been
named executive director for programming at Pier55, a public
park to be built on the Hudson
River near West 14th Street.
Farther uptown, the arts
venue within Hudson Yards called
Culture Shed has tapped its artistic director and chief executive:
Alex Poots is founding director of
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NEED TO KNOW
‘I had my heart broken
again and again and
again,’ said Mr. Cuomo.
“It’s more important for
JCOPE to be independent and
robust. That was notably absent
in his presentation,” said Blair
Horner, a government watchdog
and Albany ethics expert, who
added that any push is welcome.
Stephen Gillers, an NYU law
professor whom Mr. Cuomo in
his speech called “one of the real
greats when it comes to ethics,”
said the governor’s disbanding
of the Moreland Commission
cost him the trust of many ethics advocates.
“When he said lawmakers
have broken his heart over the
years, that’s how we felt about
Moreland,” Mr. Gillers said. “He
Please turn to page A18
 Carl Heastie is poised to become
next Assembly speaker........... A18
Mother Describes
Etan’s Last Day
the Manchester International
Festival in England and artistic
director of New York’s Park Avenue Armory.
Hired to set ambitious agendas, the three have experience
beyond the stage, be it managing
partnerships, working closely
Alex Poots, left, and David Lan
with architects or leading the
business of theater.
With their overseas experience, they embody a global outlook that some arts administrators say is particularly attractive
to New York cultural institutions.
“International work is permeating the landscape,” said Jane
Moss, artistic director of Lincoln
Center for the Performing Arts.
“It’s different than 10 years ago.”
Mr. Poots, who was born in
Edinburgh, Scotland but spent
much of his career in London,
said he intends to create international co-productions, which can
spread costs among multiple venues. He used the option at the
Armory when he joined in 2012,
bringing a co-production of
“Macbeth” starring Kenneth
Branagh that first appeared in
Manchester, England.
Pier55 and the World Trade
Center’s performing-arts center,
too, plan to make new work a
priority.
“We want to encourage New
York artists to work with artists
in other parts of the world,” Mr.
Lan said.
To be sure, New York—and the
U.S. as a whole—breeds plenty of
qualified arts leaders.
The city’s recent Anglophilia
shouldn’t concern American job
Please turn to page A19
On a misty spring morning 35
years ago, Julie Patz looked on
as her 6-year-old son, Etan, set
out for the school bus stop.
“I watched him walk one
block away. He was heading
west,” Mrs. Patz testified Monday at the trial of her son’s alleged killer. “I turned around and
went back upstairs and that was
the last time I’ve ever seen him.”
Mrs. Patz, 72, took the stand
on the second day of the murder
trial of Pedro Hernandez, who is
accused of luring the boy into
the basement of a SoHo bodega
and strangling him. Mr. Hernandez, 53, is on trial before Judge
Maxwell Wiley in State Supreme
Court in Manhattan.
Speaking calmly, Mrs. Patz
said Etan was “totally outgoing
and trusting everyone. Totally
nonjudgmental of people. Everyone that he met once was his
friend and he was a nice person.”
On the morning of May 25,
1979, Etan had gotten himself up
and ready to go to school and
was begging his mother to be allowed to walk to the bus stop
alone for the first time, she said.
She gave in.
She said she walked Etan
down to the sidewalk. The boy
wore a blue corduroy jacket and
a pilot’s cap. He carried a small
tote bag and held a dollar in his
left hand. He had earned the
money the evening before helping a local carpenter in his shop,
and planned to buy a drink at
the bodega near the bus stop,
Mrs. Patz said.
“I told him to go straight to
the bodega and get his drink
quickly so he wouldn’t miss the
bus,” she said. “I reminded him
to come directly home from
school, no side trips anywhere.”
Etan’s disappearance 3½ decades ago struck fear into parents nationwide and sparked
changes in the way missing-children cases are handled. He was
one of the first missing children
to have his photo on the side of
milk carton, and the day he disappeared is now National Missing Children’s Day.
Donna Cornachio, who in 1979
was a college student working in
the day care Mrs. Patz ran out of
her home, testified about what
happened when Etan didn’t return from school. “Julie started
to get anxious and she said, almost more to herself…‘Etan
Please turn to page A17
Chuck Hogs the Spotlight
AN EARLY SPRING: Staten Island Chuck indulges the crowd Monday
from a new enclosed platform at the annual Groundhog Day ceremony.
The rodent didn’t see his shadow, so winter’s end should be near. A18
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New York’s soaring luxury
housing market has produced a
concentration of property wealth
that spans most of Manhattan,
flickers across the river into
Brooklyn and even touches a corner of the Bronx.
A new analysis—the first of
its kind—now suggests the size
of that wealth. The tally of the
upper tier of the co-ops, condos
and houses in New York City—
those at more than $5 million
each—puts its total fair market
value at $65.2 billion.
The city’s Independent Budget
Office found 7,279 homes valued
at more than $5 million already
on the tax rolls in New York City,
including 128 valued at more
than $25 million each, based on
sales prices in 2014.
The office, a city-funded
agency, assembled the data at
the request of The Wall Street
Journal to shed light on a debate
over proposals to impose higher
property taxes on pied-à-terre
buyers from around the world.
Its numbers suggest the city’s
most expensive homes would
generate less money from a
higher tax surcharge than what
its advocates have suggested.
Although state legislators now
seem unlikely to take up such a
measure this year, analysts say,
the issue is likely to be brought
up again and again.
“If not this year it will come
back,” said Geoffrey Propheter,
an economist and tax expert who
did the analysis. “No in tax policy really means not now.”
The Independent Budget Office’s totals don’t include scores
of high-price apartments in new
New York Gov. Andrew Cuomo
on Monday pledged to push yet
another set of ethics laws in Albany, threatening to withhold
the state budget if lawmakers
don’t agree to his proposed
changes.
During a speech at New York
University, Mr. Cuomo outlined
five proposals, including forcing
legislators to disclose more information about their outside income and limiting how they can
spend per-diem allowances.
“I have seen act of corruption
after corruption after corruption,” the governor said in his
first public comments on ethics
since Assembly Speaker Sheldon
Silver was arrested last month
on federal corruption charges.
“I have seen a whole string of
politicians one coming one after
another, saying, ‘I’m different,
trust me. I’m not like the other
guy.’ And I had my heart broken
again and again and again,” he
said.
The Capitol has been reeling
since Mr. Silver’s arrest. Mr.
Cuomo said politicians had tried
for decades to improve Albany.
“He battled the dragon of corruption for 12 years,” he said of
his late father, former Gov. Mario Cuomo. “The dragon obviously survived.”
The governor seemed to distance himself from Mr. Silver,
calling previous praise of him
from New York City Mayor Bill
de Blasio “the mayor’s opinion.”
Mr. Silver has said he is innocent and will be vindicated.
Good-government
groups
have questioned Mr. Cuomo’s
commitment to spurring change.
Mr. Cuomo and the legislature
have passed ethics overhauls
several times in previous years,
including a package that came
about last year in a deal to shutter the Moreland Commission to
Investigate Public Corruption.
The Joint Commission on
Public Ethics that he helped create, also known as JCOPE, has
drawn criticism for not doing
enough.
Andrew Hinderaker for The Wall Street Journal
$5 million
or more
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