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WTC Records Folder 0124 Clippings label, Sept 2001

Machine-extracted title · confidence 100%

Archival folder label for September 11 news clippings from the Office of the Mayor, identified as Folder 0124.

NYC-WTC_000137113–000137248

Folder label: “Folder 124

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Scanned page image, NYC-WTC_000137215
OCR text

OCR status: ok · source: pdftotext

NYC 9/11 Public Portal Document

P4GE 04/06 FOREST CITY RATNER 09/10/2001 13:30 7109230699

(iv) lithe core fi nuicial/services operations relocate out of Lower Manhattan, even to other parts oldie City, it is unlikely that they will return to Lower Manhattan This would severely impede the recovery of Lower Manhattan.

It would also dilute the concentration of the industry (currently in Lower Manhattan) and thereby weaken New York's hold on that industry.

- The overall goal is to create a framework that will mitigate the short-term relocations and/or disruption and provide for the medium to long range recapture and expansion of the displaced companies. A related overall goal is to recreate thepositive business environment in the City so that even businesses that were not directly affected will not consider ielocatian.

- A 2-pronged approach is needed. The first prong is to do everything possible to g space is New Yorlt, provide for the retention,in temporary or long term existing of the displaced businesses. This time frame is immediate. The City and Statc have already started an aggressive program. The action item here is to structure short term federal and state assistance so that it has maximum impact on this problem (for example, provide immediate and direct cash payments to the companies to cover relocation, perhaps with a substantial premium for those that relocate in other NYC areas). The most critical step is to assure the retention of any affected NYSE; NASDAQ- orAMEX operations?

- The 2nd prong is to obtain long-range con-I-n iftnents from the displaced ,companies that they will remain and/or return to NYC. These commitments in

must be obtained now, i.e., in the neat 2-3_months as otherwise many of these companies will simply make long term commitments on their "temporary" relocations unless they arc assured that New York Will recover and quickly,

unless they are induced to forego other options to take a chance with NYC.

09/18/01 TUG 14:30 (TX/RX NO 97481

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NYC-WTC 000137215

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NYC-WTC_000137215Source: NYC Law Department, mirrored locally

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