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N.Y. Stock Exchange May Move

April 22, 1998

NEW YORK (AP) _ A published report says the New York Stock Exchange may ditch its historic Wall Street home in favor of a new skyscraper at Battery Park City.

The New York Post reports City Hall and exchange officials have labored for nearly a year to expand the exchange’s 93-year-old headquarters on the corner of Wall and Broad streets.

One plan was to take over five surrounding parcels.

But sources tell the Post property owners are demanding huge prices -- making it cheaper to simply build a new home for the exchange.

It would take about $400 million to keep the exchange where it is and expand it.

A new building would cost only about $100 million.

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