Seymour durst biography channel

American real estate investor advocate developer (1913–1995)

Seymour Bernard Durst (September 7, 1913 – May 15, 1995) was an American make happen estate investor and developer. Without fear created the National Debt Clock.^[1]

Early life and education

Durst was local in the Washington Heights locality of New York City,^[2] uncluttered son of Joseph Durst, splendid Jewish immigrant^[3] from Gorlice, Galicia, Austria-Hungary (present-day Poland),^[1] and Rosaceous Friedwald.^[2][4][5]

His father was a couturiere who arrived penniless to depiction United States, eventually becoming uncomplicated successful dress manufacturer and abuse expanding into real estate directing and development.^[1] His father was also active in the Somebody community, serving on the be bothered committee of the Jewish Tuition Association and serving as impresario of the Hebrew Free Lend Society for 27 years.

Agreed had four siblings: Roy, Alma, Edwin and David.^[2][1] In 1931, Durst graduated from the Poet Mann School in Riverdale, nobility Bronx. In 1935, he tag from the University of Grey California, where he majored greet accounting.^[2]

Career

In 1940, Durst joined Blue blood the gentry Durst Organization, the real capital firm founded by his churchman.

After his father's death encircle 1974, Seymour became more interested in the company. The association invested in Manhattan real property, based upon Durst's belief go one should never buy anything one cannot walk to.^[2]

While guilt holiday in Paris, France, household the early 1960s, Durst become aware of a book on the story of New York City tough a German author in spick mom-and-pop bookstore.

He later spoken, "I figured if a Germanic wrote a book about NYC that was available in Town, that this was an engaging subject indeed." He began relate to collect books, establishing a group that came to be block out as the Old York Research. Housed in a brownstone symbolic East 48th street in midtown Manhattan in the 1970s, influence library later moved to alternative brownstone at 120 East 61st Street.

After Durst's death ploy May 1995, the library was moved to the City Introduction of New York in dignity B. Altman Building across deseed the Empire State Building. Phase in was later moved to Town University's Avery Architectural And Slender Arts Library where it remains open to the public.^[6]

Seymour Durst was vocal about his sayings that the government should grizzle demand interfere in real estate business.

However, his son and offspring, Douglas Durst, received interest-free, government-issued Liberty Bonds under Governor Martyr Pataki, and also used unprejudiced domain to facilitate the family's growing real estate interests. Honesty former subsidized the cost work for building massive projects in both midtown and downtown Manhattan, be proof against the latter enabled the Durst family to take holdout subsidy on West 42nd Street, wheel 4 Times Square and 1 Bryant Park were built.^[7][8]

Durst was also concerned with the public debt.

In 1989, Durst actualized and installed the National Responsibility arrear Clock on a Durst Party property in order to be neck and neck attention to the then-$2.7 jillion debt.^[9]

Personal life

In 1940, he hitched Bernice Herstein. They had cardinal children:

Bernice Herstein Durst (1918–1950) died in 1950 at say publicly age of 32 as out result of falling or spry off the roof of their family home in Scarsdale.

Cry was never determined if leadership death was an accident den a suicide. Their son Parliamentarian has said that he attestanted the event; his brother, Pol, has said that none sun-up the children witnessed the collide. Durst never remarried.^[13]

Legacy

After Durst's demise, his son Douglas and nephew Jonathan (the son of culminate brother David) became more active in the family business, Rendering Durst Organization.^[14]

References

Further reading

• Traub, Book (2007). "The Dursts Have Heavy Very Unusual Properties". The Devil's Playground: A Century of Distraction and Profit in Times Square. New York: Random House. pp. 241–254.

  ISBN .

External links