Present Day Development
In late 1980s and especially in the 1990s, Abbas Abad saw rapid redevelopment as construction codes were relaxed (similar to most other districts in Tehran) so to raise taxes and fees, allowing for the development of many apartment and even high-rise complexes (mainly due to a 1989 decree that required different parts of the government, including each municipality, to become financially self-sufficient). As such, Abbas Abad moved away from its somewhat uniform residential roots and became a corporate and business hub as well (although overcrowding became a disputed issue). Presently, many domestic and foreign firms are headquartered and have large business operations in the district, partly due to its convenient location as a mid-way point between the more affluent (and more residential) northern Tehran and older business districts to the south (including Grand Bazaar, Tehran), access to multiple intercity highways, and a metro (or subway) station (Mosallā).
Read more about this topic: Abbas Abad
Famous quotes containing the words present, day and/or development:
“How do you know antiquity was foolish? How do you know the present is wise? Who made it foolish? Who made it wise?”
—François Rabelais (1494–1553)
“Elizabeth, frigidly stretched,
On a spring day surprised us
With her starched dignity and the quietness
Of her hands clasping a black cross.”
—Valentin Iremonger (b. 1918)
“I have an intense personal interest in making the use of American capital in the development of China an instrument for the promotion of the welfare of China, and an increase in her material prosperity without entanglements or creating embarrassment affecting the growth of her independent political power, and the preservation of her territorial integrity.”
—William Howard Taft (1857–1930)