DEP organizational chart for 9/11 emergency response, Sept 2001

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feyBETHJ. HARPAZ businesses are going to have to targets,” he said. “But I don’t see leave the city, that’s hot good disappeared from normally bus'* Realtors and economists pre­ move out. But with federal help -people fleeing New York.” for the city’s fiscal base? tling places like Times Squart*, dict that the World Trade Cen­ and city help, there’s going to be Marcia Van Wagner, chief The attack destroyed office Cabs are suddenly available In ter attack will result in a short- a rebuilding.” economist for the Citizen’s Bud- space for himdreds of firms and nei^borhoods Where thw. used term blow to the local economy, Mark Thompson, managing get Commission, a fiscal watch- thousands of jobs, not just in the be impossible to find,. And but say that, over time, the city director of Plymouth Partners, a dog group, agrees that there will Twin Towers but also in-sm- discount tickets are av^able to will likely come out OIL commercial Realtor, says many likely be a short-term turndown, rounding buildings that are now Broadway shows that had been “In' the short term, obviously, companies will relocate into accelerated by the national eco- off-limits due to structural dam- n^dtosee. f there’s a large amount of devas­ space recently made vacant by nomic slump already in pro- age. Small businesses that pro- Van Wagner says that an Im- tation and loss of life. It’s a huge the dot-com bust And in the gress when Tuesday’s attack on vided ancillary services to some mediate tourist slowdown was blow for New York,” said Co­ long term, he predicts, there the Twin Towers occurred. of the firms directly hit — ev- ecteo, explaining, lumbia'University economies Professor David Weinstein. ■ But Weinstein, who has stud­ surs53ss?““'* But he acknowledges that probably be worth about the duced revenues from fewer cus- curred.” ” ied what happens when cities Some of New York’s most pres- same that it would have been turners. Barbara Corcoran, who > i» Stiffer catastrophes such as tigious addresses might be less without this,” she said. On the other hand, billions of probably the best-known high- bombings during wartime, said desirable from now on than an “It’s not part of a structural dollars in federal aid ire in the end Realtor in Manhattan, pre­ that historically, “the long-run anonymous building - in down- erosion of what makes the city pipeline. Insurance payments dicts that prices will soften hl impact is actually quite m^est town Brooklyn or Qpeehs. competitive. That’s not to say will help damaged companies the short term, but lai^ely be­ In the short run* there will “There may be some issues this doesn’t present a fiscid reconstitute. New jobs will be cause of a wait-and-see attitdde be a run-up in commercial real­ some companies will have, challenge. There are a lot of created in constructioa that she expects will nde.die estate prices in the scramble to [such] as being in landmark very big taxpayers involved in Largely due to the airline real-estate market for the next find office space, and some buildings they see as potential this, and if a number of them slowdown, tourists have hugely ■ few months. AP

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