By Matt Chaban 11/12/12 10:56am

Sandy irritations

A headache and a toothache. (Getty)

Let the One57 Crane Lawsuits Begin

As most every New Yorker can now eerily recall, just as Hurricane Sandy was bearing down on the city, the crane atop One57 snapped back, nearly crashing to the street. The boom wound up holding throughout the 100-mile-per-hour winds, the incident resulted in the evacuation of hundreds of residents, businesses and hotels, most of whom could not return for more than a week.

We’ve already heard from an angry public relations executive who believes Extell should reimburse the city for the cost of monitoring the accident and evacuating the streets. Now comes the first of what may well be many lawsuits over the crane crisis at the billionaire-beloved building. Read More

By Staff 5/05/06 4:41pm

Memorial: “Bad News Is Never Easy”

The World Trade Center Memorial Foundation came out with a press release formally acknowledging the new, higher estimates for Michael Arad’s design, as reported this morning, and breaking out the $300 million infrastructure separately. In fact, the release never mentions the figure $300 million:

[T]he Foundation and by extension, its private donors, should Read More

By Staff 5/05/06 12:02pm

What’s the Problem with the Memorial?

What’s funny about the debate over the World Trade Center Memorial’s cost and fundraising is that only one of them can be a problem. If the cost can be limited to $500 million, as Bloomberg wants, then it is almost paid for: there is already $480 million in private and public funds received or pledged, Read More