The Earth Shifts a Tad at Ground Zero
New York State officials complete a deal with World Trade Center leaseholder Larry Silverstein that will break the development logjam that has plagued the site for almost five years. Why Gov. Pataki didn't invoke eminent domain here a long time ago is a mystery to us.
New York State officials complete a deal with World Trade Center leaseholder Larry Silverstein that will break the development logjam that has plagued the site for almost five years. Why Gov. Pataki didn’t invoke eminent domain here a long time ago is a mystery to us.
Your support matters…N.Y. Times:
The developer Larry A. Silverstein announced yesterday that he had accepted the economic terms of a new deal at ground zero. The proposal reduces his overall role on the 16-acre site and clears the way for construction of the Freedom Tower, the tallest and most symbolically important of five towers planned for the site.
The deal calls for Mr. Silverstein to surrender control of the $2 billion Freedom Tower, along with more than one third of the ground zero site, to the Port Authority of New York and New Jersey. But he would retain the right to build three office towers on the most valuable parcels there.
Mr. Silverstein’s announcement came six days after officials from the Pataki, Corzine and Bloomberg administrations presented the developer with a unified, take-it-or-leave-it offer in an attempt to end four months of frustrating and politically embarrassing struggle over the future of the World Trade Center site.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
A company printed 10 small buildings in Shanghai in just one day; Ron Paul explains his thoughts on Bitcoin; meanwhile, the Supreme Court is pondering whether cops require warrants to look through cellphones. These discoveries and more after the jump.
Some 8,000 bridges around the country are "structurally deficient," and a battered federal budget, sequestration and Washington gridlock make it unlikely they'll be repaired soon.
The effort to reduce unemployment is a grueling plant-by-plant, job-by-job process conducted by those seeking work, business people and local officials operating far from the media spotlight and simplistic rhetoric of the political campaign.The effort to reduce unemployment is a grueling plant-by-plant, job-by-job process conducted by people operating far from the simplistic rhetoric of the political campaign.
Israel decided to move ahead with settlement construction Tuesday, giving the go-ahead for the building of 1,100 housing units in east Jerusalem, even after Palestinians claimed the area as their future capital in their application for U.N. membership last week.
The Senate voted Friday to temporarily fund the Federal Aviation Administration, putting 74,000 transportation and construction workers back on the job until September. (more)
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.