New York City employs generous tax abatements to win Shearson, the venerable brokerage firm then owned by American Express, away from Jersey City in a tug-of-war over where the conglomerate would build a giant new computer center. Includes shots of both Jersey City and Lower Manhattan before the build-out of Newport and Battery Park City. Steve Dunlop reports. As aired on The Ten O'Clock News, WNEW-TV, January 16, 1984. For educational and historical purposes only.
