On Demand
Merrill Lynch to Leave Downtown
Friday, October 26, 2007
Charles Bagli, New York Times reporter, discusses the expected move by Merrill Lynch out of downtown Manhattan and looks into what this will do to development in the area.
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Comments
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Don't worry guys. Neo-feudalism requires a lot of bankers to count our hidden masters profits. Your jobs are secure. Now, get back to work screwing over humanity, take your pittance, and sleep tight.
Don't get it yet? Watch and learn:
http://video.google.com/videoplay?docid=-515319560256183936
Charles mispoke with saying the financial firms have moved to midtown over the last 40 years. That may have been true 40 years ago, but most have moved thousands of employees to Queens (Citi), Brooklyn (Chase), NJ, and CT. In fact thousands of Merrill's employees were moved to western NJ over a decade ago. Broad sweeping generalizations are often INCORRECT!
It's the transportation, duh! Within 5 - 10 years, the west side in the 30's will have improved access by LIRR and NJ Transit, and brand new Metro North Service, none of which can currently be said of downtown.
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