NEW YORK SLUMS
PHILANTHROPIST’S SCHEME OF DEMOLITION. BELIEVED WILLING TO GIVE 100,000,000 DOLLARS. OTHER WEALTHY MEN MUST - ASSIST. (Received October 14, 9.50 p.m., NEW YORK, October 13. Mr August Heckscher, capitalist and philanthropist, has presented Mayor Walker with jdans for the demolition of New York’s lower East Side, which is the most famous sJuin. in the world, replacing it at a cost of hundreds of millions of dollars.
It is understood that Mr Heckscher is willing to donate 100.000,000 dollars, his private ‘fortune, towards the undertaking. Mr Heckscher proposes (1) That modern apartment buildings, parks, fountains and treelined. avenues replace the present congested tenement district. t (2) That five hundred of New York’s wealthiest men promise a contribution of 100,000 dollars each for five years,' such 250,000,000 dollars to' form the nucleus of the investment necessary. (3) That the State and tho City expend equal amounts towards the plan. (4) That the present Lvollera bo re-housed by the City temporarily while their homes are being re-built. (5 That rents in the new 7 df a trie l be, dependant upon the paying capacity of the tenants.—A. and N.Z. C.A.
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https://paperspast.natlib.govt.nz/newspapers/GIST19261015.2.37
Bibliographic details
Gisborne Times, Volume LXIV, Issue 10490, 15 October 1926, Page 5
Word Count
189NEW YORK SLUMS Gisborne Times, Volume LXIV, Issue 10490, 15 October 1926, Page 5
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