amnesiajune
Senior Member
rowth in NYCC petered off in the early 2000's, not 1997
Yes, because projects that started pre-amalgamation weren't finished until then.
What happened? downtown was attractive again, rents got too high, traffic got too bad.
Traffic in NYCC is fine, and if rents were so high then office developers would be more interested in building there. You're correct that downtown was attractive again, and there's a reason for it: tax policy! Property taxes for office space dropped in the downtown core and went up in North York.