Report on Lower Manhattan redevelopment funding disparities, May 2002
Machine-extracted title · confidence 90%
Document discussing public concerns regarding the allocation of $500 million in grants between large corporations and small businesses during post-9/11 recovery.
NYC 9/11 Public Portal Document
At Ground Zero, a New Divide
Some of 9/11's Neediest Get the Least Government Aid
By EDWARD WYATT
When the Lower Manhattan Development
Corporation convened its tirst public hearing
last month about efforts to rebuild the shat-
tered core of the city, what quickly emerged
was a growing schism between two groups that
live and work within a mile of each other.
Many of those who spoke at the session at
Pace University on May 23 expressed anger
that hundreds of millions of dollars had been
set aside for large corporations and the well-off
residents of Battery Park City and TriBeca, at
the expense, they said, of small businesses and
the more needy residents of Chinatown and the
Lower East Side
e sentiment that was infrequently
discussed during the cleanup and recovery at
the World Trade Center site, but as the focus
has turned to rebuilding,
the protests have
gained in volume.
About $500 million has been designated for
cash grants to 145 big corporations in Lower
Manhattan, nearly as much as for direct ald to
thousands of small businesses in the same area.
American Express, for example, recently ac-
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NYC-WTC_000143198
OCR can misread numbers and units. Confirm readings against the page image before using them.
NYC-WTC_000143198Source: NYC Law Department, mirrored locally
Document outlining key personnel and roles within the Department of Environmental Protection during the immediate aftermath of the September 11 attacks.
Draft Memorandum of Understanding dated June 19, 2002, establishing a partnership between the Department of Business Services and DEP for World Trade Center projects.
Draft Memorandum of Understanding dated June 19, 2002, establishing a partnership between DBS and DEP for World Trade Center economic development projects.