The Neverending Story
The redevelopment of the World Trade Center site was delayed for years after 9/11, due in large part to in-fighting amongst the project’s numerous constituencies. Yet despite considerable progress over the past year, a corner of the project could hit a snag due to issues well outside the 16-acre site.
Larry Silverstein is preparing Read More
Lower Manhattan wants more liberty.
The $8 billion Liberty Bond program, an incentive created in the aftermath of the Sept. 11, 2001, terrorist attacks, is scheduled to sunset on Dec. 31, ending the availability of tax-free bonds that would save hundreds of millions of dollars in costs to rebuild at the World Trade Center site. Read More
Anyone paging through the end of The Times‘ business section Wednesday might have noticed an unusual legal notice nestled in between the commercial real estate classifieds and a bank ad (a reader had to point it out to us):
NEW YORK LIBERTY DEVELOPMENT CORPORATION
Notice of Public Hearing
World Trade Center developer Read More
How much money can it take to build the Bank of America tower at One Bryant Park?
A whole bunch, apparently.
The developer of the building, the Durst Organization, has taken out another $300 million mortgage, public records show, an amount that will be used “to finish the job,” said Durst Read More