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| Re: Ever a PATH express? (277855) | |||
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Re: Ever a PATH express? |
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Posted by Sand Box John on Sun Jul 9 11:24:07 2006, in response to Re: Ever a PATH express?, posted by AlM on Mon Jul 3 11:39:27 2006. Why is that an unrecoverable amount? That square footage won't necessarily be recovered fully at Ground Zero, but there is more than that to Lower Manhattan.Pretty simple, less square footage equals fewer people working, visiting and doing business in the area, which equals property owners and leasing companies will not be getting equal to or greater return on their properties. The bottom line is, less square footage, fewer people, lower leases revenue, lower business revenue, lower amount of wealth generated. The biggest loss never to be recovered from all of the above will be the taxes and various other revenues to the state and city of New York. John in the sand box of Maryland's eastern shore. |
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