The Recession Hops the 7 Train

Hours after Lehman Brothers said it would file for bankruptcy on the now infamous Sept. 15, 2008, Deputy Mayor Robert Lieber—a former Lehman executive himself—professed an aggressive approach to the Bloomberg administration’s economic development agenda.

With a little over a year left in office, Mr. Lieber said during an interview in City Hall at the time, the administration would rapidly press forward on its projects, particularly Willets Point, the planned $3 billion housing and retail...

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