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