All of upstate NY is an economic wasteland due the the insane economic policies of democrats and RINOs.
NYC will revert to the economic wasteland it was in the 1970s the minute the massive bailouts, TARP, HARP and QE end. Wall street with the trillions of taxpayer bailouts is the only thing keeping NYC and surrounding counties afloat...
TARP was paid back, years ago, at a profit to the Treasury. HARP had nothing to do with Wall Street and was a huge failure.
QE doesn't involve taxpayer dollars. It does transfer interest income from the banks to the Fed (Treasury).
There’s too much money invested in NYC to allow Manhattan to go the way of Detroit. Regardless of the imaginations of many on FR, it’s not going to happen.
What you will see is a further deterioration of the other four boroughs. Much of Brooklyn and the Bronx are horrible already, but the trend had been that improvement waa coming to those areas. That trend will be stymied, and likely reverse a bit.
NYC won’t be a new detoit, though. That’s just a popular conservative fantasy.