NYC Planners Say Midtown Should Grow Taller To Revitalize

Law360, New York (July 17, 2012, 8:15 PM EDT) -- New York City planners want to see a new generation of boldly designed skyscrapers, some as tall as the Empire State Building, dotting the Midtown area around Grand Central Terminal along Park Avenue, to make sure the storied but aging area can compete with up-and-coming financial business centers worldwide.

The city's Planning Department is circulating a proposal for new zoning meant to revitalize a famed stretch of Manhattan that is home to 14 Fortune 500 companies but is in danger, the department says, of losing prestige...
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