I read a good short story in one of the "The Year's Best Science Fiction" collections (edited by Gardner Dozois) a couple of years ago where they accidentally create a micro black hole on the moon's surface in the course of some sort of high-energy physics. It falls to the center of the moon, and then past it, and then back again, and again, chewing up the moon and growing as it goes, hollowing the moon out. Eventually they end up with a moon-mass black hole orbiting the earth. Interesting concept.
But I'd miss the Moon of that happened. Instead of the familiar, pearl-colored ball of rock we all know and love, there would be a blazing, eye-searing accretion disk spewing out x-rays and Hawking radiation. No thanks! LOL
But seriously, I question the wisdom of carrying out such research anywhere in cislunar space, much less in a heavily populated region like New York.
How about this - carry on the research in orbit around Jupiter. If something goes wrong, the black hole falls into Jupiter, "stellarizes" the planet, and Presto! We've got Europa and Ganymede warmed up, and ready for colonization and terraforming. (Io would be too hot, Callisto too cold)
"We don' need no steenking black Monoleeth!"
Can't you tell I have quite a bit of time on my hands at work tonight? LOL
I don't know what that story is, but Larry Niven's "The Hole Man" is somewhat similar.