Real estate development in New York City is, by its nature, an act prone to conflict, pitting residents and developers on opposite sides of most construction site fences. We all live in close quarters; everyone has their own ideas of how the ever-changing physical city should evolve, particularly when a large development is proposed in your own Read More
As the Port Authority’s board meets today to ponder who gets a chunk of One World Trade Center, one landlord not involved in the bidding—Larry Silverstein—looms in the background.
For months, the board has been weighing (though it may not select today) bids by developers to buy a stake in the 2.6 million-square-foot tower. In Read More
The yearlong battle at the World Trade Center between developer Larry Silverstein and the Port Authority is poised to come to a close this afternoon, as the parties involved are near a tentative agreement that involves $600 million in new public guarantees and calls for $300 million in additional private investment, according to multiple officials familiar Read More
A photo tour of the World Trade Center site: Freedom Tower, Memorial and 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
The National September 11 Memorial & Museum signed a lease for 4,700 square feet at 20 Vesey Street, steps away from the World Trade Center site. The nonprofit entity was created to oversee the memorial through its design and fund-raising stages to, ultimately, its operation. It plans to move to the site in October.
While Read More
For years, the World Trade Center occupied a prominent stage in New York politics, as elected officials jostled over questions of design, governance and delays before an engaged public audience. But as the eighth anniversary of the terrorist attacks of Sept. 11 approaches and the redevelopment once again is tied up in delays and hurdles, Read More
The 1948 Marshall Plan for Europe was approved with a four-year, $13 billion appropriation by Congress.
Lower Manhattan’s four-year Marshall Plan, apparently, will need a refill.
In one of the few actions that both the State Assembly and the Senate managed to take in the last month, the length of a major subsidy package aimed Read More
The Port Authority’s executive director swung back Thursday morning against attacks from Mayor Bloomberg, painting a picture of his agency as a cash-poor entity that already must scale back and scrap major projects including a major renovation at LaGuardia airport and a new midtown bus garage.
Earlier this week, the mayor went on the Read More
Here was World Trade Center site developer Larry Silverstein at a forum hosted by NYU last week:
The time frames have changed, they are delayed by virtue of the Port Authority being able to deliver in a timely fashion, it will get there and they will deliver ultimately. But the Read More
