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Financial District (Manhattan)
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A view up Broad Street in the Financial District in Manhattan
The Financial District of New York City (sometimes called FiDi[1]) is a neighborhood on the southernmost section of the borough of Manhattan which comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the American Stock Exchange. The neighborhood was anchored by the World Trade Center until the September 11, 2001 terrorist attacks. The neighborhood roughly overlaps the boundaries of the New Amsterdam settlement in the late 17th century and has a residential population of about 30,000[2]. During the day, the population swells to about 300,000.citation needed
As a district, it encompasses roughly the area south of City Hall Park but excluding Battery Park and Battery Park City. The heart of the Financial District is often considered to be the corner of Wall Street and Broad Street, both of which are contained entirely within the district.
Federal Hall National Memorial, on the site of the first US Capitol and the inauguration of George Washington as the first President of the United States, is located at the corner of Wall Street and Nassau Street.
The neighborhood is considered to be primarily a destination for daytime traders and office workers from around New York City and the surrounding areas. The neighborhood has a growing number of full-time residents, with estimates made in 2005 showing that there were approximately 30,000 people living in the area, a jump from the 15 to 20 thousand living there before September 11th.[2]
It also has a growing number of tourist attractions such as the adjacent South Street Seaport Historic District, New York City Police Museum, and Museum of American Finance. The Sports Museum of America is located at the base of the Canyon of Heroes where the famed New York City Ticker-tape parades begin. The Museum of Jewish Heritage and the Skyscraper Museum are both in adjacent Battery Park City which is also home to the World Financial Center.
Although the term is sometimes used as a synonym for "Wall Street", the latter term is often applied metonymously to the financial markets as a whole, whereas "the Financial District" implies an actual geographical location. According City of New York official data, the neighborhood is named Wall Street.[3]
References
- ^ Cuozzo, Steve. "OFF THE WALL: DOWNTOWN GETTING ITS FOOD MOJO BACK", The New York Post, September 5, 2007. Accessed February 20, 2008. "But I wasn’t in SoHo. I was in FiDi, as many now call the Financial District."
- ^ a b Steinhauer, Jennifer. " Baby Strollers and Supermarkets Push Into the Financial District", The New York Times, April 15, 2005. Accessed October 2, 2007. "There are now more than 30,000 residents living south of Chambers Street, up from an estimated 15,000 to 20,000 in the months before Sept. 11, according to real estate experts."
- ^ Profile of Manhattan Community Board 1, New York City. Accessed January 3, 2007.
Source
- See also: Economy of New York City
External links
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