In a report released on Wednesday, the Regional Plan Association, a nonprofit urban research group, said many of the city's largest projects, from Battery Park City to the revamping of Columbus Circle, have dragged on for years longer than initially projected.
The focus is on neighborhoods in south Manhattan, including Battery Park City, Chinatown, the Lower East Side, Greenwich Village and Soho.
That includes meals, housekeeping, linen service, transportation and activities, but it's twice the price of a standard Battery Park City rental.
The Conrad New York opens 19 March in Battery Park City, near the World Financial Center, with Hudson River views and 463 rooms.
Jonathan Collins, executive director of the Hallmark, an upscale senior community in Battery Park City, prefers a different analogy: "It's a cruise ship on land!"
"From Soho to the Lower East Side, from Chinatown to Battery Park City, I encourage you to spend your money - tax free, " said Mr Bloomberg.
The worst damage in New York came from a 13-foot storm surge that filled Battery Park City and streets from the South Street Seaport throughout the Lower East Side.
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Nearby Battery Park City emptied out, from the ritzy Riverhouse condo building where celebrities like Leonardo DiCaprio have homes to the waterfront commodities trading floors in the New York Mercantile Exchange (NYMEX).
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At North End Grill, in Battery Park City, what is normally the most boring item on a menu mixed greens is transformed with an aggressive lime-and-mango-pickle number that begs to be bottled and sold at Whole Foods.
Ms. Shin, a Brooklyn artist who has created public works for the Long Island Rail Road and a Battery Park City elementary and middle school, has designed pieces in mosaic and glass for the 63rd Street station, which will be expanded to accommodate the Second Avenue line.
Sea levels have risen by 1.3 feet near Atlantic City and 0.9 feet by Battery Park between 1911 and 2006, according to data from the National Oceanic and Atmospheric Administration.
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