Posted on 11/30/2004 4:20:50 AM PST by syriacus
The property of the United Nations is among the most valuable real estate in Manhattan and could prove to be a gold mine of residential development on the East Side were the world body to relocate, industry experts said.
"This is a spectacular site that developers would be eager to develop," the head of planning for Rockrose Development Corporation, John McMillan, said. Rockrose is building a luxury residential development across the East River in Long Island City.
"It doesn't get any better than this," Mr. McMillan said.
"This site could fetch over $500 million, with residential and commercial developers alike foaming at the mouth to get what used to be an old pig farm," a managing principal at Newmark, Scott Panzer, said.
(Excerpt) Read more at nysun.com ...
The Holocaust Museum should be moved there too.
I wonder if the delegates from Islamic countries knew about that?
Live there? Nope, too many bad vibes and evil spirits.
Are any of the old German Federal Government buildings in Bonn available?
How about buildings in Annan's Ghana?
Ttoss the U.N. out. they are worthless to us anyway.
"Live there? Nope, too many bad vibes and evil spirits."
Exactly.
What do you want to bet that the current "occupants" would trash the place once they recieved their eviction notice?
My sentiments exactly
Do you think they would take a chapter out of the Clinton white house exit plan?
Most definitely!
Especially (GAG) if Clinton is the SecGen!!!
As far as I'm concerned if they would just get the hell out of my beloved country, they can steal all the silver (and anything else they can carry away) from the UN complex with my blessing.
The UN is STILL a pig farm!
Get the UN out of the US & the US out of the UN!!
According to the Sun's Sunday editorial, the U.N. building is falling apart (despite its historical landmark status) and in need of serious renovation.
The U.N. has apparently gained approval for a $1.2 billion loan from Washington, and they want to build a new 35-story building on the site to use during renovations of the old building.
New York apparently owns several adjacent buildings as part of U.N. Plaza, but the U.N. itself is sovereign territory, just like an embassy, and no one can really "kick the U.N. out."
Well not quite worthless:
...the United States gives less money per capita than any other member nation. The U.S. share of the United Nations regular budget for 1999 was $298 million. This is the equivalent of $1.11 per citizen. The tiny island of San Marino pays $4.26 per citizen.
Additionally, the United Nations creates more money for U.S. companies and cities than the amount the U.S. government pays to the United Nations. The United Nations contributes $3.2 billion a year to the economy of New York City alone. Of the goods and services purchased by the United Nations system in 1997, U.S. companies received $404 million. United States citizens hold more United Nations staff jobs than any other country.
No doubt sending UN headquarters to Ghana or Germany would be a real economic boon to them.
"Suddenly people are thinking realistically about what would be the implications if the United Nations were forced out or just decamped for, say, France. And they are discovering that the implications would not be all that bad - indeed, could be quite positive."
The head of the state's UNDC, Roy Goodman, the former senator, notes that the U.N. is worth $2.5 billion a year to the city's economy - not counting the construction jobs that go with the proposed expansion. These are tempting arguments, but it is an analysis that is typically static. Mr. Goodman ignores the prospect that private enterprise making use of the same land on market terms could do more for the city than the United Nations. It's hard to see how it could do worse.
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