According to an article in The Guardian, City Comptroller William Thompson cited the costs of 9/11: “The city’s jobless rate – at 7.7% in July – is already higher than the national rate of 5.9%.
Mr Thompson reckons it will cost the city almost $22bn to replace the buildings, infrastructure and other amenities destroyed when two hijacked commercial airliners were flown into the twin towers. …
The collapse of the towers and the damage to property in the Wall Street area removed almost 13m sq ft [1.2m sq metres] of office space from downtown Manhattan. …
New York’s mayor, Michael Bloomberg, has already warned that taxes may have to be increased if the city is unable to secure more federal aid as it struggles with a forecast budget deficit next year of $5bn.”
– Richard Wray, “New York counts cost of 9/11: Comptroller estimates city’s overall bill at up to $95bn,” TheGuardian.com, Sept. 4, 2002