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Security Continues to be Costly Issue for NYC

NEW YORK CITY-Securing Manhattan's buildings from future terrorist attacks can cost anywhere from 10 cents to $1 per sf for existing structures and 10% to 20% extra for new construction, industry experts assess.

By Barbara Jarvie | Updated on June 04, 2003

NEW YORK CITY- There’s no doubt that New York City post 9/11 is a changed place and that security issues have become paramount to developers, landlords and tenants. Now they are beginning to address the costs associated with new security measures.

“The federal and state governments can’t have the solutions to our security needs. Concerns will translate into significant changes in building structure,” said Barry LePatner, founder of Barry B. LePatner & Associates LLP, who moderated the forum,”Protection, Survival, Readiness: Project Strategy in the Post 9/11 World,” Wednesday. “We need to not only reconstruct high-rises and schools, but society.”

Architect Eugene Kohn, principal of KPF Associates; former New York City police commissioner Howard Safir, CEO of SafirRosetti Omnicom Group; structural engineering authority Richard L. Tomasetti, co-chairman, Thornton-Tomasetti Engineers; Barry M. Gosin, vice chairman and CEO, Newmark & Co. Real Estate; and Chris Mauthe, tax advisor from Deloitte & Touche, headlined the executive seminar.

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