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World video travel guide
News • Lower Manhattan • New York City • United States • 2011-09-08
New York State Assembly Speaker Sheldon Silver Discusses Decade of Progress in Lower Manhattan
New York, NY (September 8, 2011) – Today, at a Downtown-Lower Manhattan Association breakfast, New York State Assembly Speaker Sheldon Silver delivered an address on the remarkable resilience and growth of Lower Manhattan over the last decade. Larry Silverstein, President and CEO of Silverstein Properties, also spoke about the transformation of the World Trade Center site and the surrounding neighborhood. Lower Manhattan representatives State Senator Daniel Squadron and Council Member Margaret Chin were also among the 125 guests.
“The world is taking the measure of Lower Manhattan as never before,” said Robert R. Douglass, Chairman of the Downtown-Lower Manhattan Association. “The memorial activities this weekend will be a solemn reminder of what happened here a decade ago. The good news is that Lower Manhattan has come roaring back from that tragic day. Today we have more companies than on 9/11, more residents, more visitors, more parks and more hotels. Lower Manhattan is thriving as never before.”
“On streets where people once ran for their lives, they will find young parents – among the 55,000 residents of Lower Manhattan, double the number that were here before 9/11 – pushing their strollers,” said Speaker Silver. “On busy avenues of commerce that were expected to wither away, they will find more than 300,000 well-educated and highly trained weekday workers, many of whom are walking to work. In a community to which no one was expected to return, nine million tourists are coming and going and spending their dollars in our local economy.”
NY Assembly Speaker Sheldon Silver
Photo Credit: Marla S. Maritzer
Silverstein Properties CEO and President Larry Silverstein
Photo Credit: Marla S. Maritzer
“Looking at this area now, it’s hard to remember that 10 years ago, many were convinced that Lower Manhattan was finished as a business district,” said Larry Silverstein, President and CEO of Silverstein Properties. “I can tell you that I never wavered on Downtown. I’ve been in the business for 50 years, and long ago learned to never bet against New York. My company and I held firm to our conviction that Downtown had enormous potential both as a residential neighborhood and as a business district – that it could and would become a model 24/7 live-work mixed-use community.”
Founded in 1958 by David Rockefeller, the Downtown-Lower Manhattan Association is a membership organization of key Downtown stakeholders committed to a vibrant business community below Canal Street. It serves as a networking platform for senior corporate and non-profit executives, as well as a public policy forum and powerful advocate for Lower Manhattan.
Robert R. Douglass has chaired the organization since 1992. It is the sister organization of the Alliance for Downtown New York, the business improvement district for Lower Manhattan. The Alliance for Downtown New York recently released a comprehensive report detailing Lower Manhattan’s ten years of progress and growth. The report can be downloaded at: http://www.downtownny.com/solm.
The Downtown Alliance reports that last year alone more than nine million people visited Lower Manhattan, one million more than the previous year, and that millions more are expected to visit Lower Manhattan after the opening of the National September 11 Memorial in September this year.
Lower Manhattan also is home to more than 56,000 residents – more than double a decade ago – and more than 309,000 workers. Visitors can stay at one of 18 Lower Manhattan hotels, triple that number in the area 10 years ago, or visit more than a dozen museums and other cultural attractions.
To learn more about Lower Manhattan events, and view Downtown Alliance research, go to http://www.downtownny.com
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