Problem
After terrorists destroyed the World Trade Center and surrounding office buildings on September 11, 2001, some businesspeople worried about the risks of remaining in Manhattan. What effect would you expect their concern to have in the short run (before any of the destroyed office buildings are rebuilt) on the price of office space in Manhattan? What factors does your answer depend on? What about the effect over the long run? Suppose the area around the former World Trade Center is made into a park, so that the destroyed office buildings are never rebuilt. Economically, who would gain and who would lose from such a plan?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.