Larry’s Liberty Bonds: Roll ‘Em

Wed, 14 Jun 2006 16:06:28 -0400

Larry Silverstein's Liberty Bonds got their first approval today by the state's Liberty Development Corporation, which officially "induced" $1,672,550,000 of the low-interest bonds that will be used to build towers 2 through 4, according to a press release from the Empire State Development Corporation. Next comes a public hearing, followed by a second vote. The city separately is expected to induce another $921 million in Liberty Bonds in July. Plus, there may be other bonds in store for the Port Authority, which is in charge of building the Freedom Tower--that is, as much of it as will get built.

-Matthew Schuerman

Source: Goldman Deal Imminent (UPDATED)

Mon, 15 Aug 2005 16:11:00 -0400

The deal for Goldman Sachs to remain in Lower Manhattan is imminent, according to sources close to the negotiations.

While it's been treated as a done deal, the terms of that deal are still a matter of negotiation, and we're waiting to see what comes out of it. Plus, done deals have gone south before. Anyone remember the obscure state agency that killed the stadium?

That's unlikely here, but still ...

The Liberty Development Corporation, an arm of the Empire State Development Coporation, deliberated this morning on the Liberty Bonds that will be used to finance the $1.8 billion tower at West Street and Vesey streets. The Battery Park City Authority, the state agency that owns the land, is discussing the terms of the lease this afternoon and may vote to approve by the end of the day.

UPDATE: The Battery Park City Authority didn't finish with the lease this evening. They're meeting again at 11:30 tomorrow morning.

- Matthew Schuerman

Observer » Liberty Development Corporation

Larry’s Liberty Bonds: Roll ‘Em

Source: Goldman Deal Imminent (UPDATED)