Really? New York politicians didn't realize that skyscrapers and luxury condos were a thing in the 1980s? I think that's overly cynical, and lacks historical c

Really? New York politicians didn't realize that skyscrapers and luxury condos were a thing in the 1980s? I think that's overly cynical, and lacks historical context. In 1981, New York had gone through a decade of population decline. It was famously on the brink of bankruptcy before being bailed out by the federal government in 1975. There was New York City blackout of 1977. It was a much different, distressed, city at that time, and the idea of 90 million dollar condos would have seemed ludicrous.