PolitiFact.com: “New York City Mayor Michael Bloomberg claims population growth in Lower Manhattan exceeds combined totals in Atlanta, Dallas and Philadelphia”

Pace University professor Farrokh Hormozi helped confirm Mayor Bloomberg’s statement. More residents came to Lower Manhattan as housing prices dipped in the years following Sept. 11, said Hormozi, who once helped prepare a formerly ongoing university report on economic activity in Lower Manhattan.



More residents came to Lower Manhattan as housing prices dipped in the years following Sept. 11, said Pace University professor Farrokh Hormozi, who once helped prepare a formerly ongoing university report on economic activity in Lower Manhattan. After the transformation began around 2004, the level of economic activity surpassed its pre-Sept. 11 levels by 2007, Hormozi said. “It is a very interesting part of the City of New York,” Hormozi said. “It has something to offer and people are taking advantage of that.”

Read the article on PolitiFact.com

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