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    Bronx building collapse: New York may have ignored the warning signs and now it needs repairs worth $78 billion

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    By Martin Shwenk Leade

    Copyright indiatimes

    Bronx building collapse: New York may have ignored the warning signs and now it needs repairs worth $78 billion

    ReutersAn aerial view of a partially collapsed building in the Bronx, in New York City, New York, U.S.

    A towering brick chimney attached to a New York City public housing complex came crashing down Wednesday after an explosion, scattering debris across a Bronx street and playground. Remarkably, no one was injured in the collapse, which officials say could have been far worse.Mayor Eric Adams confirmed there were no fatalities or serious injuries. Authorities were notified of the explosion shortly after 8 a.m. and are investigating whether a gas leak was the trigger. The collapse came on the first day many city buildings typically activate their heating systems.City inspectors are now assessing the building’s structural safety, with some apartments evacuated as a precaution. Emergency shelters and services for displaced residents have been set up at a nearby community center. The accident has once again highlighted the deteriorating condition of the city’s public housing stock, overseen by the New York City Housing Authority (NYCHA). More than 500,000 residents live in NYCHA properties, many built in the mid-20th century. Years of underfunding have left them plagued with chronic issues ranging from mold and lead paint to heating failures. In 2023, officials estimated that NYCHA required $78 billion in repairs over the next two decades. The Mitchel Houses complex alone faces over $700 million in needs, including $118 million for exterior and structural work.Live Events The Bronx collapse adds to a troubling list of structural failures in recent years. A Manhattan parking garage gave way in April 2023, killing one person and exposing decades of neglect. The same year, a hole opened beneath another city garage, forcing Amtrak service to halt until emergency repairs were completed. Nationally, deadly collapses like the 2021 Surfside condo tragedy in Florida and the 2023 Davenport, Iowa building failure have raised alarms about outdated structures and inadequate maintenance. City officials pledged that the damaged Bronx building will be repaired, but the incident underscores a larger crisis: New York’s aging housing infrastructure is increasingly fragile, and the price tag for fixing it continues to climb.Add as a Reliable and Trusted News Source Add Now!
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    (You can now subscribe to our Economic Times WhatsApp channel)Read More News onBronx building collapseNew York City public housing complexNYCHA propertiesNew York housing infrastructureNew York City Housing Authority (NYCHA)(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

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