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NEW YORK CITY-There three things that have become major irritants in my love of everything New York: our airports, Penn Station and bicycles. What does this have to do with real estate? Plenty. It reduces the desire of businesses to rent office space in Manhattan, from which the City generates its largest amount of taxes.

First, I do a great deal of domestic and international travelling and I must confess that, except for trips to Washington and Boston, when I go to the Marine Air Terminal, my preference is using Newark airport. I cannot imagine what tourists and business people flying into LaGuardia and JFK think when their first and last experience in NYC is these two decrepit, badly managed airports. I expect flight delays as a modern inconvenience but, having to wait in a dank basement at JFK to go through customs and immigration after 10 or 12 hours in the air, the difficulty of getting taxis, or the manner in which the terminals are laid out so you have to schlep your bag from one end of a terminal to the other, makes no sense. How can Chicago, Los Angeles, Miami and even Detroit get their airports to operate efficiently but the global center of business and culture cannot?

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