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GlobeSt.com QUICK SURVEY: Rebuild the World Trade Center!

NEW YORK CITY-In the aftermath of the September 11 terrorist attack, the real estate industry surveys the damage and talks about rebuilding. Most respondents predict only short-term downside in the valuation of high-rise CBD office space.

By John Salustri | Updated on September 26, 2001

NEW YORK CITY-The commercial real estate community isn’t flinching in its response to the September 11 terrorist attack that leveled the World Trade Center and crippled the Pentagon. Our respondents are calling for a rebuild of the class A property not only as a matter of business necessity but also as a point of US pride.

“Yes, we should rebuild and rebuild higher,” says one respondent who identifies himself as an officer in the US Air Force Reserves. “Show the world that we are the greatest country on earth with the greatest available resources. We should build a tower that surpasses any expectations to show the world that from tragedy, we will always find triumph in the depth of the American Spirit.”

“Yes it should [be rebuilt]” says another writer, “ there is no question in my mind. The terrorists placed a high value on the symbolism of these office towers. Well, so do we. Build it just as tall, if not taller than before. Rebuilding the towers would express symbolically what mere words cannot. They cannot and will not phase us…this is America.”

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