A literal arms race is heating up between two suburbs north of Manhattan. Ax-throwing bars are in the works at New Rochelle and Yonkers, both of which see the edgy pubs as a means to attract millennials away from New York City. The two biggest towns in Westchester County are betting on luring affluent urbanites who like their bars and bagels close but are sick of feeling poor in the Big Apple. If they succeed in getting the Gothamites to move, however, they risk driving rents too high for locals. more from Bloomberg BusinessWeek
Wow! This is the poster boy of the Manhattanization of Westchester County. As people get priced out of the the City, they come here and commute. Soon what will have been a Westchester lifestyle will be a sort of Queens-Brooklyn one with the same congestion, pollution and dysfunctionality that typifies these areas. With the cost of capital at near zero, look for more and more big buildings going up in Westchester on any scrap of land the promoters can buy. Mamaroneck is going the same way as New Rochelle. Larchmont to its credit is resisting.