View Poll Results: Construction is underway, how do you feel about the final design for the WTC site?

Voters
192. You may not vote on this poll
  • I am more than satisfied; I believe that the final design surpasses that of the original World Trade Center. 10/10

    50 26.04%
  • While nothing may ever live up to the Twin Towers, I am wholly satisfied with the new World Trade Center; it is a new symbol for a new era. 7/10

    55 28.65%
  • I have come to terms with the new World Trade Center; although it has a number of flaws, I find the design to be acceptable. 5/10

    48 25.00%
  • I am wholly disappointed with the New World Trade Center; we will live to regret the final design. 0/10

    22 11.46%
  • I am biased, but honest, and hate anything that is not a reincarnation of the original Twin Towers.

    17 8.85%
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Thread: World Trade Center Developments

  1. #196

    Default

    Quote Originally Posted by Freedom Tower
    Well now its past 9/11 2003. I was expecting some new designs to be unveiled by now. I thought they were waiting until 9/11 passed to release them. Seems like the designs may not be finished? Or is there a specific release date anyone knows about?
    It's only the 13th! But I do have a feeling there is some squabbling in the background.

  2. #197

    Default

    we need twins at 148 floors each. and a 1000 foot spire atop that.

  3. #198
    Senior Member
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    Default

    Oooook.

    I...er...completly agree! :roll:

    148 stories? And a 1,000 foot spire?

  4. #199

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    Westfield pulls out of World Trade Center
    By Virginia Marsh in Sydney
    Published: September 15 2003 10:27 | Last Updated: September 15 2003 10:51

    Westfield, the Australian property group, has given up its battle over the redevelopment of the retail space in the World Trade Center after two years of difficult negotiations with the New York authorities.

    The Sydney-based group said on Monday it had signed a letter of intent with the Port Authority of New York and New Jersey under which the authority would buy its interest in the WTC for US$140m.

    Westfield signed a 99-year lease on the WTC's retail space just weeks before the Twin Towers were attacked on September 11, 2001 and has therefore been drawn into the sensitive and very public debate over how the site should be redeveloped.

    It has made little secret of its unhappiness with Daniel Libeskind's winning design, claiming his Freedom Tower does not take into sufficient account the needs of retailers and shoppers.

    Westfield's plans have also been stymied by disagreements between the city's government and the port authority, which owns the Ground Zero site, over the style and location of the retail space within the new development.

    The Australian group, the third biggest operator of shopping malls in the US, said that selling its lease back to the port authority would allow public interest to take precedence.

    "We are selling our interests to the port to help simplify ...and expedite the rebuilding of the WTC," said Frank Lowy, Westfield's chairman. "While Westfield wanted to be a part of the future of the WTC, we recognised the conflict between the interests of the public and the needs of our commercial, net lease rights."

    Westfield said the letter of intent was the culmination of several months of discussion over how best to proceed with the redevelopment and that the proposed deal would allow Westfield America, the listed property trust through which it made its investment, to recover its initial outlay and associated costs.

    The trust agreed to pay US$127m for the lease of the retail space below the Twin Towers in mid-2001.

    The group, however, remains a party to a US$3bn insurance claim from the terrorist attack. Part of the dispute with the insurers stems from disagreement over whether the terrorist attack - which involved two plane crashes - constituted one or two incidents. If Westfield and the other claimants can establish that it was two incidents, then they stand to win a larger payout.

  5. #200

    Default

    One down, one to go. (Just wishful thinking)

  6. #201

    Default

    The city should be so lucky to get rid of Silverstein's height limits.

    It does always bother me a bit though that NY is so difficult to conduct business in that many just find it simpler to give up.

  7. #202

    Default

    I makes sense to have a leasing agreement that is based on a known condition.
    Westfield made a sound decision by putting any lost value due to the masterplan in the lap of the PA.
    I presume they will bid for the new lease when the final configuration is more defined.

    The insurance component seems quite complex. Westfield can sell back leasing interest and still recieve insurance money? No wonder they're in court over this.

  8. #203
    Forum Veteran
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    Good riddance.

    So long as we're talking about Ground Zero, I was down there last night on my way to Battery Park City with a friend. He and a bunch of his friends in Gallatin were planning to play capture the flag on the North Lawn at 10:00 at night (don't ask), so he asked if I wanted to tag along. It was lots of fun, and apparently the BPC Authority was cool about us doing it. Our team won. I just hope we weren't ticking off anyone in the nearby apartment buildings (did you sleep well last night, Zippy?). :mrgreen:

  9. #204

  10. #205
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    Default

    Should I infer that that is a "no"? :lol:

  11. #206
    Senior Member
    Join Date
    Jan 2003
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    Default

    I think that means, "I didn't sleep well last night."

    It looks like me everytime I wake up in the morning. :shock: Must...go...back...to...sleeeeeeep.

  12. #207
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    I didn't get much sleep last night either, considering that I got back to the dorm at 3:30 in the morning and had to wake up at 7 am for an 8 am class. But at about 11 I went back to my dorm and took a nap. Plus it was a good workout, and we contributed to the nightlife that Downtown still lacks—even though it was technically in BPC, which is generally a very vibrant area.

  13. #208

    Default PA MAKES KEY WTC MALL DEAL

    PA MAKES KEY WTC MALL DEAL

    By WILLIAM NEUMAN
    NY Post

    September 16, 2003 -- The Port Authority has reached a $140 million deal to buy back the development rights to the World Trade Center shopping mall - a key step that would return much of the site to direct public control for the first time since 9/11.

    The deal with Westfield America, announced by the company yesterday, gives the PA significantly more leverage over the other developer on the site, Larry Silverstein, who holds the lease on the Twin Towers' office space.

    The PA would also gain control over as much as 12 percent of the insurance billions due on the trade center.

    The PA and Westfield signed a letter of intent Friday, although details must still be worked out.

    Sources said the deal suddenly puts the PA in a much stronger position in its often testy negotiations with Silverstein since Westfield's retail lease had given it development rights to almost 10 of the site's 16 acres, including the old WTC plaza and concourse level.

    Silverstein's lease gives him development rights to build on the Twin Towers' "footprints" - just two acres. Because of plans for the memorial, Silverstein's rights must be transferred elsewhere on the site.

    The U.S. Customs Service has already signed over to the PA its rights to No. 6 WTC, meaning the agency has now regained control over much of the site it sold in July 2001.

    The PA has tried to open talks with Silverstein toward a similar deal to buy back at least a portion of his rights to 10 million square feet of WTC office space, but he has refused.

    Silverstein is hoping to win a lawsuit with his WTC insurers that could add billions to the rebuilding pot.

    Removing Westfield, which did not like architect Daniel Libeskind's Ground Zero plan, helps streamline the rebuilding process.

    Yesterday's deal was cut behind Silverstein's back, angering the developer, sources said.

  14. #209

    Default

    Interesting developments, JM.

    I don't know if this will be a positive or not, but I welcome the PA's increase in bargaining position. The Silverstein status-quo is unacceptable.

  15. #210

    Default

    In my happy fantasy world , I'd like to think the PA is waiting for Silverstein's insurance case to be settled and then have them buy him out so that they get the money and get him out of the way. He is just not the guy for this. He simply has no vision.

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