Money Jungle: Imagining the New Times Square

For more than a century, Times Square has mesmerized the world with the spectacle of its dazzling supersigns, its theaters, and its often-seedy nightlife. New York City’s iconic crossroads has drawn crowds of revelers, thrill-seekers, and other urban denizens, not to mention lavish outpourings of advertising and development money.

Many have hotly debated the recent transformation of this legendary intersection, with voices typically falling into two opposing camps. Some applaud a blighted re...