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New York City is an established safe haven for global investors. [30] As of 2023, New York City is the most expensive city in the world for expatriates [31] and has by a wide margin the highest residential rents of any city in the nation; [32] and Fifth Avenue is the most expensive shopping street in the world. [33]
New York City has over 28,000 acres (110 km 2) of parkland and 14 linear miles (22 km) of public beaches. [ 4 ] [ 5 ] Manhattan's Central Park, designed by Frederick Law Olmsted and Calvert Vaux , is the most visited city park in the United States. [ 6 ]
The Department of Cultural Affairs (DCLA), a branch of the government of New York City, is the largest public funder of the arts in the United States.DCLA's funding budget is larger than that of the National Endowment for the Arts, the federal government's national arts funding mechanism. [16]
The building One Times Square was built in 1904 as the headquarters for the New York Times. It’s been home to the New Year’s Eve Ball Drop Celebration since 1907, when the first New Year’s ...
The New York City Landmarks Preservation Commission was created following the preservation fight and subsequent demolition of Pennsylvania Station. New York City's right to limit owners' ability to convert landmarked buildings was upheld by the U.S. Supreme Court in 1978.
The Historical Atlas of New York City: A Visual Celebration of 400 Years of New York City's History (2005) online; Hood. Clifton. In Pursuit of Privilege: A History of New York City's Upper Class and the Making of a Metropolis (2016). Cover 1760–1970. Jackson, Kenneth T., ed. (1995). The Encyclopedia of New York City.
January 1: City of Greater New York created, consolidating the existing City of New York with the eastern Bronx, Brooklyn, most of Queens County, and Staten Island. January 1: Robert A. Van Wyck becomes mayor. National Arts Club founded. 1899 July 20: The Park Row Building is completed, becoming the tallest in New York City, at 391 ft. (119 m ...
New York City has seen a cycle of modest boom and a bust in the 1980s, a major boom in the 1990s, and mixed prospects since then. This period has seen severe racial tension, a dramatic spike and fall of crime rates, and a major influx of immigrants growing the city's population past the eight million mark.