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Bloomberg Credits High Line with $2b in Development

New York's High Line park isn't just a nice place for a stroll. Mayor Bloomberg credits the line with creating over 12,000 new jobs and $2 billion in private development.

New York Planning Director Amanda Burden spoke in the New York Times about the High Line's success.

Burden "emphasized the boost to property values, saying that in one building that abuts the lower section of the High Line, the price of apartments had doubled since the park opened, to about $2,000 a square foot. Ms. Burden called the area "Architects Row" as she ticked off the roster of designers of nearby buildings, including Jean Nouvel, Annabelle Selldorf and Neil Denari."

Full Story: The High Line Isn’t Just a Sight to See; It’s Also an Economic Dynamo

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