Bill Clinton no longer the Savior of Harlem

When Bill Clinton arrived in Harlem on a sweltering summer day in 2001 Governor George Pataki proclaimed it William Jefferson Clinton Day in New York. Thousands of people flooded the streets to see the ex-President in all his glory.

Its therefore impossible to overstate the news that America's first black president is leaving the hood. But its true...The Clinton Foundation has moved downtown to 77 Water Street in the heart of the Financial District.

As an example of how things have gone for the past few years, the rent was actually more expensive in Harlem then it was downtown and in a touch of irony, President Clinton having spent the last ten years in Harlem is in large part why the prices have gone up causing him to move.

Mr Clinton will maintain a small office in the 8,000 square foot space but after all, he can spread some of that love around. And, as for economic reform, it sends a very strong message that he is moving downtown.