Silicon Alley build a US$2 billion graduate school of applied sciences on Roosevelt Island, with the goal of transforming New York City into the world's premier technology capital. As of 2013, Google's second largest office is located in New York. Verizon Communications, headquartered at 140 West Street in Lower Manhattan, was in 2014 in the final stages of completing a US$3 billion fiberoptic telecommunications upgrade throughout New York City. This revival was not restricted to Lower Manhattan, but was spread throughout New York City. Hence "Silicon Alley" has been considered by some observers to be an obsolete term. Silicon Alley Silicon Alley,
Alley of the older thoroughfares in Covent Garden, Cecil Court dates back to the end of the 17th century. A tradesman's route at its inception, it later acquired the nickname Flicker Alley because of the concentration of early film companies in the Court. The first film-related company arrived in Cecil Court in 1897, a year after the first demonstration of moving pictures in the United Kingdom and a decade before London’s first purpose built cinema opened its doors. Since the 1930s it has been known as the new Booksellers' Row as it is home to nearly twenty antiquarian and second-hand independent