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Downtown Businesses See Transportation Hub as Incentive

NEW YORK CITY-Two surveys conducted by the Alliance of Downtown New York show that major employers in Lower Manhattan see the proposed transit hub at the former WTC site, along with improved airport transportation, as major drivers for sticking in the neighborhood.

By Diana M. Rodriguez | Updated on April 24, 2003

NEW YORK CITY-Looking towards the future convenience for Downtown employees, 25 major Lower Manhattan corporations sited the proposed transit hub at the World Trade Center site as a major incentive for remaining in the area, according to two recent studies conducted by the Alliance for Downtown New York. The addition of rail access to Long Island and NYC airports was also a driving factor.

“These two transit hubs, which essentially form one major complex because of their underground pedestrian connections, are priorities for businesses whose decision to remain downtown will be heavily based on the convenience and ease with which the current workforce can get there,” said Carl Weisbrod, president of the Downtown Alliance.

The two studies–an Executive survey and Transportation Users Group survey–included responses from 25 of the 30 most important Lower Manhattan businesses employing more than 85,000 workers in the area. Among the respondents were: the American Stock Exchange, Century 21 Department Store, Deloitte & Touche, J.P. Morgan Chase & Co., American Express and Merrill Lynch & Co.

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