South Street Seaport in danger of sinking

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WSJ By LAURA KUSISTO, JENNIFER MALONEY and JESSI RUCKER

The South Street Seaport was recently on the verge of a major redevelopment designed to lure locals and more tourists to the charming, but largely ignored, neighborhood on the southeast tip of Manhattan.

Now, local officials and real-estate experts say that revitalization looks uncertain. Sandy has decimated most of the buildings, including the South Street Seaport Museum, and may have caused structural damage to Pier 17 (Full story here)

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