Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time.

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic

JOSEPH B. FREDERICK and CEDAR ATTANASIO
November 24, 2024

NEW YORK (AP) -- When John Jobbagy's grandfather immigrated from Budapest in 1900, he joined a throng of European butchers chopping up and shipping off meat in a loud, smelly corner of Manhattan that New Yorkers called the Meatpacking District.

Today only a handful of meatpackers remain, and they're preparing to say goodbye to a very different neighborhood, known more for its high-end boutiques and expensive restaurants than the industry that gave it its name.

Jobbagy and the other tenants in the district's last meat market have accepted a deal from the city to move out so the building can be redeveloped, the culmination of a decades-long transformation.

"The neighborhood I grew up in is just all memories," said Jobbagy, 68. "It's been gone for over 20 years."

In its heyday, it was a gritty hub of over 200 slaughterhouses and packing plants at the intersection of shipping and train lines, where meat and poultry were unloaded, cut and moved quickly to markets. Now the docks are recreation areas and an abandoned freight line is the High Line park. The Whitney Museum of American Art moved from Madison Avenue next to Jobbagy's meat company in 2015.

Some of the new retailers maintain reminders of the neighborhood's meat-packing past. At the exposed brick entrance to an outlet of fashion brand Rag & Bone, which sells $300 leather belts, is a carefully restored sign from a previous occupant, "Dave's Quality Veal," in red and white hand-painted lettering.

Another sign for a wholesale meat supplier appears on a long building awning outside Samsung's U.S. flagship phone store.

But the neighborhood no longer sounds, smells or feels like the place where Jobbagy began working for his father in the late 1960s. He worked through high school and college summers before going into business for himself.

Back then, meatpackers kept bottles of whiskey in their lockers to stay warm inside the refrigerated plants. Outside, "it reeked," he said, especially on hot days near the poultry houses where chicken juices spilled into the streets.

People only visited the neighborhood if they had business, usually transacting in handshake deals, he said.

Slowly but surely, meatpacking plants began closing or moving out of Manhattan as advances in refrigeration and packaging enabled the meat industry to consolidate around packing plants in the Midwest, many of which can butcher and package more than 5,000 steers in a day and ship directly to supermarkets.

Starting in the 1970s, a new nightlife scene emerged as bars and nightclubs moved in, many catering to the LGBTQ+ community. Sex clubs and slaughterhouses coexisted. And as the decades wore on, the drag queens and club kids began giving way to fashion designers and restaurateurs.

By 2000, "Sex and The City" character Samantha had left her Upper East Side apartment for a new home in the Meatpacking District. By the show's final 2003 season, she was outraged to see a Pottery Barn slated to open near a local leather bar.

Another turning point came with the 2009 opening of the High Line, on a defunct rail track originally built in the 1930s. The popular greenway is now flanked by hotels, galleries and luxury apartment buildings.

Jobbagy said his father died five years before the opening and would be baffled at what it looks like now.

"If I told him that the elevated railroad was going to be turned into a public park, he never would have believed it," he said.

But the area has changed constantly, noted Andrew Berman, executive director of local architectural preservation group Village Preservation.

"It wasn't always a meatpacking district. It was a sort of wholesale produce district before that, and it was a shipping district before that," Berman said. In the early 1800s, Fort Gansevoort stood there. "So it's had many lives and it's going to continue to have new lives."

Though an exact eviction date for the last meat market has not been set, some of the other companies will relocate elsewhere.

Not Jobbagy, who has held on by supplying high-end restaurants and the few retail stores that still want fresh hanging meat. He'll retire, along with his brother and his employees, most of them Latino immigrants who trained with him and saved up to buy second homes in Honduras, Mexico or the Dominican Republic. Some want to move to other industries, in other states.

He expects to be the last meatpacker standing when the cleaver finally falls on Gansevoort Market.

"I'll be here when this building closes, when everybody, you know, moves on to something else," Jobbagy said. "And I'm glad I was part of it and I didn't leave before."

Continue Reading...

Popular

Usher sues investors to recover $700,000 he lent to buy property for 'Homage ATL'

ATLANTA (AP) — The music artist and entertainment executive Usher is suing a group of investors who have been trying to open a new restaurant and lounge in Atlanta.

Leaked Documents Unveil Meta's $16 Billion Revenue Projection From Scam Ads

Leaked internal documents have revealed that Meta projected a revenue of approximately $16 billion from scam advertisements and banned goods in 2024.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Average US long-term mortgage rate ticks up to 6.22% after four straight weekly declines

The average rate on a 30-year U.S. mortgage ticked up for the first time in five weeks after falling to its lowest level in more than a year last week.

Cathie Wood Confirms $1 Million Bitcoin Price Target Despite Market Volatility

Cathie Wood, CEO of ARK Invest, remains confident in Bitcoin‘s (CRYPTO: BTC) future, even in the face of market volatility.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Belgian farmer sues French energy giant for damage caused by climate change

TOURNAI, Belgium (AP) — A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by in the latest lawsuit by environmental activists against big energy companies.

Bloomberg says AI is a $50 trillion revolution. - Ad

And at the center of it... isn't NVIDIA. It's a tiny supplier NVIDIA cannot live without. Insiders like Griffin and Druckenmiller are dumping NVIDIA shares... and quietly piling into this obscure stock. And with NVIDIA set to make a major announcement on December 19 at 5pm, time is running out.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Consumer Tech News (Oct 27-31): Nvidia Surpasses $5T Market Cap, Trump-Xi Meeting Concludes, Big Tech Report Earnings & More

Apple, Amazon, Microsoft, and Alphabet beat Q3 estimates with revenue and earnings growth. Trump and Xi conclude high-stakes meeting with trade, soybean, and resource agreements, potentially impacting U.S.-China economic relations and global markets.

Copper and Gold in Scale, Not Just Grade - Ad

This isn't a narrow system. It's a thick, mineralized zone delivering copper and gold together - in a province with infrastructure in place. New drill targets are already being tested.

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Coeur Mining Inc. (CDE) announced acquisition of New Gold Inc. (NGD) in all-stock deal valued at $7 billion.

Obesity, diabetes treatments fuel Eli Lilly growth and spark bidding war

The market for obesity and diabetes treatments remains scorching hot, funneling billions in sales to Eli Lilly and fueling a bidding war over another drugmaker.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

Congress to Feature Trump on $100 Bill? - Ad

A shocking new plan was just introduced in Washington; to celebrate Trump's new "golden age" by placing him on the $100 bill. In the months ahead, this former Presidential Advisor predicts the government will release a massive multi-trillion-dollar asset which it has held back for more than a century.

Bill Ackman's Amazon Trade Reverses Course – Now Up $119 Million And Counting In Third Quarter

Amazon.com was one of the biggest bets by Bill Ackman in the second quarter. After Q3 earnings, the position is now up since the end of Q2.

Buy Now Pay Later Can Torpedo Mortgage Chances

BNPL services like Affirm, Klarna, Afterpay, and PayPal Pay Later are popular but can hurt mortgage approval. Lenders scrutinize bank statements and debt-to-income ratio, and new credit models include BNPL data. Loan officers warn of multiple plans inflating DTI.

Metals... Not Missles... Is the New Arms Race - Ad

China and Russia control 70% of the world's critical minerals, giving them leverage over the West. One N. American discovery could help shift that balance by developing the metals essential for defense systems.

'No hire' job market leaves unemployed in limbo as threats to economy multiply

WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.

Preliminary tests find germ that causes botulism in ByHeart baby formula

Preliminary tests showed that ByHeart baby formula contained the type of bacteria that produces the toxin linked to , California health officials said.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Pfizer clinches deal for obesity drug developer Metsea after a bidding war with Novo Nordisk

NEW YORK (AP) — U.S. pharmaceutical giant Pfizer signed a deal to purchase development-stage obesity drugmaker Metsera Inc., winning a bidding war against Novo Nordisk, the Danish drugmaker behind weight-loss treatments Ozempic and Wegovy.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Taylor Swift, Elon Musk, Donald Trump, MrBeast — Robinhood Just Made Their Mojo Tradable

Robinhood has new prediction markets for its customers, with a focus on the entertainment sector. Here are some of the new markets.

Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment

Bill Ackman's investment in Hertz may be the next Chipotle moment as the rental-car company sees a surprise profit and a 40% stock surge.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Trump Touts 'Really Good Deal' With China As US Stock Futures Rally — Dow Up 91 Points While Gold, US Dollar Remain Flat

U.S. stock futures are surging on Sunday evening, following greater clarity and easing trade tensions between the United States and China over the weekend, following the summit between President Donald Trump and Chinese President Xi Jinping in South Korea last week.

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

Bloomberg says AI is a $50 trillion revolution. - Ad

And at the center of it... isn't NVIDIA. It's a tiny supplier NVIDIA cannot live without. Insiders like Griffin and Druckenmiller are dumping NVIDIA shares... and quietly piling into this obscure stock. And with NVIDIA set to make a major announcement on December 19 at 5pm, time is running out.

S&P Global Boosts Outlook As CEO Hails Exceptional Growth

S&P Global (NYSE: SPGI) shares surge after reporting strong Q3 results, beating expectations with adjusted earnings of $4.73 per share.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service