LoLo, which stands for Lower Lower Manhattan, is one of the first proposals from the Center for Urban Real Estate, a new research group at Columbia University. The neighborhood would be created by connecting Lower Manhattan and Governors Island with millions of cubic yards of landfill, similar to how Battery Park City was born in the 1970s. Over 20 to 30 years, the center estimates, LoLo would create 88 million square feet of development and generate $16.7 billion in revenue for the city.
Visions of a Development Rising From the Sea
NYT, November 22, 2011