This was state legislation that was passed in New York City that privatize many New York City landmark in an effort to restart New York's tourism ministry which was suffering in the 1980s due to the nuclear war in Europe and South America, the dictatorial government of Ronald Reagan and international sanctions. In 1983 the twin towers were converted into condos for the superrich. The buildings were also completely privatized and the public that no longer visit. The same thing happened to the Chrysler building in 1989, the Empire State building in 1990, and the Plaza in 1991. There was outraged by the people of New York City that there once great landmarks were now only access by the ultrarich who made their money by supporting the corrupt dictatorship of Pres. Ronald Reagan. After democracy was reestablished the United States in 2005 by Al Gore these buildings will reopen to the public and converted back into publicly accessible landmarks. this act is now seen by historians as exemplified in the corruption and chaos that was it happening in the United States in the 1980s and 1990s.