Elizabeth Berger, president of the Alliance for Downtown NewYork, tells GlobeSt.com that one of the challenges of the originalWorld Trade Center, was that it was "an island in the middle oflower Manhattan, and one of the things about the new rebuildingplans was that it reconnects that super block." So although "theWTC site is a sensitive site and it is important to have an eyetoward the security of that site, there has to be a balance."

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She further notes that "in talking about the future of lowerManhattan, it is important to say that we want the vitality andexcitement of lower Manhattan to extend to the rebuilt WTC site.With all the construction, closed streets and already intensesecurity that we have right now, we still have lower vacancy rates,higher asking prices per sf, an explosion of the residentialcommunity, and new retail. What we want is for that tocontinue."

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Hugh Finnegan, an attorney in the real estate group at Sullivan& Worcester LLP, was mostly optimistic, but he says that theretail sector could suffer, "because shoppers may not want to bebothered with the extra time and inconvenience," he says, whenreferring to possible congestion that may be caused as a result ofthe extra security. He does note, however, that certain corporatetenants are likely to see the enhanced security as a benefit."Tenants for whom security is generally an issue, like investmentbanking firms or private banks, may derive comfort from knowingthat there is an added layer of protection at the WTC."

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Matthew Krauser, director of Integra Realty Resources Inc.'s NewYork City office, says that "Congestion with regard to traffic isnot an issue since the main mode of transportation in this area ispublic transportation." He further tells GlobeSt.com that "asoffice tenants begin to occupy the office space, the retailers willfollow suit as a result of the daytime workforce/population. Ifanything, the increased security measures will create a positiveperception to potential office and retail tenants as well as thegeneral public."

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According to reports, the police department also wants toenhance security measures in the City by photographing the licenseplate of every vehicle that enters Manhattan. According to thereports, which paraphrased a police spokesman, "Data on eachvehicle--its time-stamped image, license plate imprint andradiological signature--would be sent to a command center in LowerManhattan, where it would be indexed and stored for at least amonth as part of a broad security plan that emphasizes protectingthe city's financial district."

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Paul Browne, deputy police commissioner for public information,reportedly has said that the proposed tight security seeks to stopa third terrorist attack on the 16-acre site, however he didreportedly assure that it would have negligible effect on trafficand pedestrians. The NYPD was unable to be reached for comment bydeadline.

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As far as the progress report on the WTC rebuilding, in July,the PortAuthority of New York and New Jersey--which own the site--stated that the entire process will take longer than projected anda new, more realistic timetable must be devised. "The originalcompletion dates are just not going to be met," Christopher Ward,the Port Authority's executive director, said at a breakfastmeeting sponsored by the Downtown-Lower Manhattan Association atthe time. Ward pointed to at least 15 fundamentalissues critical to the overall project that had not yetbeen resolved and were essential before providing a specificcompletion date or project cost.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.