Wall Street: Home, Sweet Home

A combination of cheap financing and vacant commercial properties in Lower Manhattan, post 9/11, is slowly transforming Wall Street into a 24-hour community.
October 20, 2003, 12pm PDT | Connie Chung
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"On Wall Street, Broad Street and other venues associated with the city's financial community, more and more office buildings in the area are being converted into housing....Creating a residential community in the Wall Street area that could bring the area back to life after the work day has been a vision in the works since the mid-1990s....The Liberty Bond program, established to rebuild downtown New York after the Sept. 11, 2001, terrorist attacks, has been the most recent force behind the surge in conversion activity. The program is providing developers cheap financing during a period of historically low U.S. interest rates. The conversions involve reusing the space in some older office buildings, which have been left vacant by businesses departing New York's downtown or moving to another location in the city."

Thanks to Connie Chung

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Published on Sunday, October 12, 2003 in The Chicago Tribune

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