A Second Chance For Downtown Manhattan

New York has a unique opportunity to use the WTC rebuilding effort to spark the revival of an aging Downtown.

1 minute read

August 11, 2002, 7:00 AM PDT

"Even as the debate rages on and pushes back the date of any construction real estate executives and planners agree on some broad principles that, they maintain, will spark Downtown redevelopment. The most universally acknowledged need is to build the transportation links to create a 24/7 environment. 'We obviously need a massive infrastructure below ground first before any development above ground begins,' notes Daniel Doctoroff, deputy mayor of economic development. The disaster knocked out three subway stations and the PATH (Port Authority Trans-Hudson) line that brings commuters to and from New Jersey."

Thanks to ULI News Roundup

FULL STORY: A Second Chance for Downtown

Saturday, August 10, 2002 in National Real Estate Investor

Housing New York

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