Despite the fact that Barranco long ago segued into the metropolis, for years it was fiercely independent of the capital, a seaside getaway for well-heeled urbanites seeking a place to dip their toes during the baking hot summers.
For years, the regional government has been planning redevelopment of the area, in an apparent effort to emulate the likes of Shanghai, which China transformed into a skyscraper metropolis during the economic boom of the 1990s.
When Beijing's leadership decided to breathe fresh life into the aging metropolis in 1990, years of neglect produced an unintended consequence: preservation of one the world's largest collection of art deco buildings, completed during Shanghai's last heyday.
He also knew the French Impressionists' paintings of expansive avenues, exquisite vistas and elegant bourgeois society that marked the stunning transformation of Napoleon III's Paris into a gleaming, modern metropolis.
The art world is now eager to get a toehold in this burgeoning and lucrative market, and Rio officials hope to capitalize on their moment in the spotlight to turn the laid-back beach city known mainly for its over-the-top Carnival celebrations into a world-class metropolis and Latin America's newest arts hub.
In Mexico City, about 35, 000 public venues were shut down, transforming the bustling metropolis of 20 million people into a ghost town overnight.
Before Walt was through, however, he had almost singlehandedly turned banking from the equivalent of a small, sleepy town into a hyperenergetic New York-like metropolis.
Come autumn, the fog clears, and this picturesque metropolis by the bay truly comes into its own, with alterna-dudes strutting up and down Valencia Street, skateboards in hand, and venture capitalists making deals from surfboards and road bikes.
Both decisions reinforce trends that have been changing Wall Street in recent years: the switch from physical to electronic markets and the dispersal of operations away from lower Manhattan into the suburban areas of the greater New York metropolis and beyond.
Before Walt was through, he almost single-handedly turned banking from the equivalent of a small, sleepy town into a hyper-energetic, New York-like metropolis.
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