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Abbas Abad (Tehran)
Abbās Ābād (Persian: عباس آباد - approximate latitude of 35°44'08"N and longitude of 51°26'08"E) is a large north-central neighborhood of Tehran, Iran, designated within the Seventh Municipal District of the capital.〔("Tehran's 7th Municipality Regional District" )〕
==History==
Abbas Abad was originally conceived in the 1950s and 60's as a housing and residential center for members of various branches of the military,〔("The Architecture of Tehran: a Window into Iranian Culture, History - International symposium on Tehran architecture, Washington D.C., May 27, 2004" )〕 especially for the ground forces (although on a non-exclusive basis; for instance, in the 1970s the district also became home to a number of Armenian-Iranians). Later on, the district grew and its boundaries blended with other expanding nearby neighborhoods. The capital's first television broadcast stations (both for local and the first-ever trans-national television programming broadcast) were situated on Abbas Abad Hills.〔Memoirs of Habib Sabet, Mazda Publishers, 1993, ISBN 1-56859-012-1〕 By the early 70's, the district was experiencing exceptional growth, partly due to its location and the availability of land on still-barren Abbas Abad Hills, which eventually became the site for the never-materialized mega project of Shahestan Pahlavi (see Interesting Facts below). To fund further growth, the government in 1971 issued the largest urban development bond-offering to that date, worth approximately $110 million, with 9% annual interest rate and a 7-year maturity. These bonds were initially traded on Tehran Stock Exchange prior to their repurchase at maturity in 1978-79.〔("Annual Report and Balance Sheet of Iranian Central Bank ("Bānk Markazī Īrān), Published by Bank Markazi Iran, 1972 (excerpts available courtesy of Google Book Search)" )〕
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