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Economic development strategies unchanged.(Sept. 11 terrorist attack, opportunity for Western New York real estate market)(Brief Article)

Business First of Buffalo

| September 24, 2001 | FINK, JAMES | COPYRIGHT 1989 Business First-Buffalo. (Hide copyright information)Copyright

The Sept. 11 terrorist attack on NewYork's World Trade Center may have left a gaping hole in Manhattan's commercial office space market, but don't look to Western NewYork to fill those gaps.

The attack is believed, according to a report by real etaste insiders Grupp & Ellis, to have take away some 27.5 million-square-feet o prime downtown office in Manhattan.

While some may view the devastation a an economic development opportunity, virtually everyone agrees for Western New York to even broach the subject would be in poor taste. The backlash could potentially stymile long-term economic development, and regional marketing efforts.

"Anyone who tried to market (non-New York metropolitan area) office space to these companies, either now or in the near future, could be in …

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