Word: block
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Dates: during 1970-1979
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...they can afford it, they go to Westchester, Long Island, New Jersey, Florida or California. Those who stay in Brooklyn move southward towards the Atlantic Ocean, yielding more and more of the borough's north and center to poorer blacks. As a few black families move onto a block, the remaining whites fear they will be 'overrun' and the value of their property will decline. Seeing the downhill slide of the neighborhood in the first black face that moves in, they are apt to sell their houses for less than they are worth and complete the self-fulfilling prophecy...
There are sections of the city which can match any slum in the world for terrible conditions. Bush-wick--block after block of burned-out buildings and garbage-filled empty lots--looks like a city bombed to rubble in World War Two. East New York, Oceanhill-Brownsville, Bedford-Stuyvesant and other ghettoes are a dark stain on the pages of our society. How can such deprivation exist among general affluence...
...brokers and the bank set up 14 dummy corporations to acquire the 30 separate parcels involved. So closely was the secret held that when one of the dummy companies set up by the bank's top brass sought a loan to buy a parcel of the block, a lower-level Citibank officer turned it down. Chuckles Wriston: "He didn't know who he was saying...
...made the basement into a lunchtime theater where office workers could eat their sandwiches and watch plays. Saint Peter's had found a new role in the city, and the well-named Peterson was loath to move out. Yet the church held the key position on the block. The solution: Citicorp bought the old church for $9 million, demolished it and built in its place a new structure that included a chapel and sanctuary. The church bought this new building, under an unusual condominium contract, for $7 million...
Already in place is another new and mighty technological widget: the Tuned Mass Damper (TMD), an 800,000-lb. concrete block capable of moving three feet in four directions, which greatly reduces the lightweight building's sway in a gale. Determined to make the building as energy efficient as any in existence, Citicorp consulted Robert Bell, director of research and development for Consolidated Edison, who also happened to be president of Saint Peter's and chairman of the church building committee. Says Bell today: "Citicorp, in terms of energy conservation, is one of the most...