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Daily News from New York, New York • 128

Publication:
Daily Newsi
Location:
New York, New York
Issue Date:
Page:
128
Extracted Article Text (OCR)

ft A ROCK 'M' SOUL iiuuii iu uuub. tofjering lj miUMSBS By OWEN MORIT2 and Visitors Bureau reported yesterday, noting that the Statue of Liberty's centennial celebration in July and again in October is being counted on to turn things around. "We see a tremendous marketing WHITNEY HOUSTON WHITNEY Urban Affairs Editor Times change, fortunes change, and hot addresses change. Once, Olympic Tower, the creation of Greek shipping tycoon Aristotle Onassis, was the most expensive address in town. No more.

Figures released this week show Olympic Tower, at 641 HOUSTON! WHITNEY HOUSTON Featuring The Hits: Greatest Love Of All How Will I Know 5 STAR opportunity in the Statue of Liberty festivities," says the bureau's president Charles GUIett. "But Liberty Weekend is only one weekend of the year. We've been promoting the Statue as a prime attraction for all of 1986 and beyond." Hotel occupancy also fell last year to 72 from 75 the previous year. Despite this, visitor spending rose nearly $50 million to $2.4 billion. The city had a 27-day hotel strike in June 1985 that had an adverse impact on tourism.

It's back aloft After going almost three months without meeting, the New York City Featurmq The Hits: All Fall Down 5 I THINKING APOUT YOU Love Take Over I SAVING ALL MY LOVE FOR YOU I I YOU GIVE GOOD LOVE ran ERG Fifth while still posh and costly, is slipping relative to the rest of the pack. Trump Tower, the creation of real estate whiz kid Donald Trump, reported pads sold for an average of miami MIAMI SOUND MACHINE Featuring The Hits: Conga Bad Boy SOUND Onassis MACHINE! $973,500 in 1985 or $263,910 per room. That compares to $202,000 per room at Olympic Tower. According to Barbara Corcoran of the Corcoran Group, the news from Loft Board finally met this month. In fact, it has met twice.

The board set a dubious record for municipal agencies when it went from Feb. to May 7 without meeting, partly because four seats on the nine-member panel went unfilled a fact that critics blamed on a City Hall paralysis stemming from the municipal scandals. Enterprising in Queens Out in Jamaica, Queens, today, an important meeting is due to get under way. It's the first public hearing on whether New York will get a localized version of President Reagan's urban enterprise zones. Reagan's proposal, first unveiled in his 1980 presidential the world of the superluxury condo nJ MIAMI SOUND MACHINE PRIMITIVE LOVE including: CongaBad BoyFalling In Love (Uh-Oh) Body To Body gii hi dweller is that sales and purchase prices continue to defy gravity.

Corcoran says a survey of New York's most expensive condo buildings in 1985 shows that buyers paid ii 1 1 an average of $1.6 million for 14 pads at 500 Park $973,500 for 37 at Trump Tower and $967,781 for 16 at St. James Tower on St A 10-room penthouse at 500 Park went for $6.6 million last year, explaining mi PHILIP BAILEY campaign, has never gotten off the ground, or into the ground for the matter. Assemblyman John Dearie (D-Bronx), chairman of the Assembly's Committee on Cities, thinks New York has a PHILIP IAILEY! PHIUF BAILEY Featuring The Hit: State Of The Heart INSIDE OUT including: State Of The Heart Echo My HeartWelcome To The Club Back It UpLong Distance Love CDS jiu: lbs Dearie JOHNNY KEMP including: Just Another Lover Anything Worth Having the high average for that address. The word elsewhere is that prices for nonluxury condos and co-ops have pretty much flattened out. TV center suit Procter Gamble Co.

has gone into Federal District Court here to sue the developer of the planned $100 million Manhattan Television Center studio in East Harlem. The suit claims developer Big Apple Industrial Buildings Inc. is behind schedule and underestimated the building costs. produces three soap operas, "The Guiding Light," "As the World Turns" and "Another World" in various locations here and had hoped to consolidate and operate o.ut of the former Washburn Wire Products factory site at 116th St. and East River Drive next month.

Angling for tourists Despite an influx of foreign tourists, New York City's tourism dipped last year. There were 17.1 million visitors to the Big Apple in 1985, down 135,000 from the year before. That's what the city's Convention (is moral waiting for) Lady In The Shadow Penthouse Lover All Night II tgg RBewai I it iiij-miiiiiirim mm'i. j' JOHNNY chance with a comparable proposal known as "opportunity zones." Hence, today's hearing on an open lot at Parsons Blvd. between Jamaica and Archer Aves.

in the heart of Jamaica. Speakers due include Queens Borough President Claire Shulman and Urban Development Corp. President Vincent Tese. The opportunity zone program would use state and local incentives to spur jobs and businesses in neighborhoods that suffer from high unemployment and poverty. Dearie points to the success of a similar program in New Jersey and thinks New York should start with a limited number of potential sites and not get involved in a "numbers" game.

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Years Available:
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