The Afternoon Wrap: Tuesday

The Dow Jones rises a staggering 900 points, even as a new report showed consumer confidence in the economy at its lowest point in 41 years. [NY Times]

Two new buildings become official city landmarks: Murray Hill’s St. Stephen’s Church and Greenwich Village’s F.W. Devoe & Company Factory. [City Room]

Condo developer introduces a clause—the “Obama contingency clause”—that will allow buyers to back out of a signed contract if Obama loses the election. [City Room]

With the credit crisis in full swing, the New School’s plans for a new SOM-designed building at Fifth Avenue and 13th Street are put on hold. [Curbed]

Delaware North to break ground on a video lottery terminal—the first piece of Paterson’s Aqueduct “racino”—next year. [TRD]

Tri-state report lists five NYC streets—including Third Avenue, Broadway and Brooklyn’s Atlantic Avenue—among the region’s 10 most dangerous for pedestrians. [StreetsBlog via BoweryBoogie]

Board of Standards and Appeals postpones its decision on whether super-controversial Carroll Gardens condo, 360 Smith Street, should be 55 feet or 70 feet tall. [Gowanus Lounge]

A Lower East Side institution replaced by corporate tastelessness. [Lost city]

Some rare good news for the MTA: the agency is actually ahead of schedule in terms of making its subway stations more handicap-accessible. [2nd Ave. Sagas]

The Afternoon Wrap: Tuesday