« May 3, 2009 - May 9, 2009 | Home | May 17, 2009 - May 23, 2009 »

Week of May 10, 2009 - May 16, 2009

Silverstein Says 2004 WTC Plans Must Stand


Full text at GLOBEST.COM

Responding to the buzz created by a New York Daily Newsstory Monday that details an "incredible shrinking World Trade Center," Janno Lieber, president of Larry Silverstein's World Trade Center Properties, says in a statement that the developer is "committed to the plan all stakeholders agreed on in 2004 and reaffirmed in 2006."

Primarily blaming symptoms from the recession, the Daily News reported that Port Authority of New York and New Jersey wants to do away with three skyscrapers at the site by shrinking Towers 2 and 3 to four or five-floor stumps, suited more for retail than office.

But sources familiar with Port Authority goings-on tell GlobeSt.com that the information in the Daily News story has been in the public domain for weeks, if not months. They say that the Port Authority's position is that Silverstein's Tower 4 should be built while 2 and 3 shouldn't move up to skyscraper status until there's a market to handle the office space Downtown

Bloomberg Calls Summit at WTC; PA wants Scaled down Project


LINK TO FULL STORY

EXCERPT

A spokesman for Bloomberg tells GlobeSt.com that he wants to help break the current impasse. "He wants to make sure they're talking," says the spokesman. "The mayor is a firm believer that Lower Manhattan is going to come back and we need to invest, and there are billions of dollars being invested now downtown, but, he wants to make sure we continue to see that," says the spokesperson.

Drawing on history, Silver told the Downtown Lower Manhattan Association breakfast that former New York Governor Nelson Rockefeller, along with brother David, and the Downtown Association, led the effort to build the original World Trade Center even though demand for office space in Manhattan was weak.

As Angus K. Gillespie's book titled Twin Towers: Life of New York City's World Trade Center points out, as plans for the site became more clear in the 1960's, private real estate developers and members of the Real Estate Board of New York raised concerns about the 'much subsidized' office space going on an open market that had a glut of vacancies.

« May 3, 2009 - May 9, 2009 | Home | May 17, 2009 - May 23, 2009 »

cocoly

user-pic

Following:
Followers:

Posts
Comments & Recommends


  • Website: www.codylyon.com
  • Location NYC
  • Party Luv them
  • Politics Skeptical,critical, objective but compassionate liberal

Favorites

  • Favorite Blogs NYTIMES City Room-Joey Kennedy at Birmingham (AL) News, Politico, Toweload and my attempt codylyonblogolater.blogspot.com but a few others too

Bio

Alabama native in NYC

All Reader Posts
How to use myTPM

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address