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

Voters
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  • 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. #4621
    Senior Member DMAG's Avatar
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    Agreed. I am also receiving lease payments from said developer for the property they wish to build on. Whether Silverstein build or not, the PA wins either way.

  2. #4622

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    As a governmental body, the Port has no profit motive, presumably. They should be looking out for the interests of the taxpayers, and presumably should stand by their obligations to Silverstein which were negotiated in light of the disaster of 9-11 that impacted each and every taxpayer in one way or another. The towers should all be built as agreed or simply turn the land into parkland that can be enjoyed by all of us taxpayers. Malls be damned!

  3. #4623
    NYC Aficionado from Oz Merry's Avatar
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    Past Deadline, Bloomberg Says World Trade Center Talks Will Continue

    By Matt Dunning

    UPDATED Jun. 12


    A view of the World Trade Center site, looking east along what will be a reconstructed Fulton Street.

    After missing his self-imposed deadline for ending the latest feud between World Trade Center developers, Mayor Michael Bloomberg said Thursday that talks between the two main parties responsible for rebuilding the 16-acre site would continue during this weekend.

    Bloomberg, who had set Thursday, June 11 as the date by which the Port Authority of New York and New Jersey and Silverstein Properties would agree on a new “roadmap” for continuing construction at the World Trade Center site, said a deal could be announced as soon as Monday, June 15. The two sides have been squabbling for months over construction financing for developer Larry Silverstein’s three proposed office towers along Church Street, and the prolonged impasse now threatens a near halt of work on the site.

    “Everyone remains committed to finding a resolution,” Bloomberg said in a statement released late Thursday afternoon. “We’ll have another update on Monday.”

    Silverstein, unable to secure loans to fund construction of three massive office towers, wants the Port Authority to back financing for his Towers 2 and 4. The Authority, which is building 1 World Trade Center and the new transportation hub, has balked at the idea, and instead offered to invest close to $1 billion in the construction of Tower 4 in exchange for a share of the building’s rent revenue.

    If a deal is not reached soon, progress on the much-delayed site as a whole could again slow to a crawl. At Bloomberg’s invitation, all of the major stakeholders in the site’s reconstruction—including Silverstein, State Assembly Speaker Sheldon Silver, New York and New Jersey Governors David Paterson and Jon Corzine, and the Port Authority’s chairman Anthony Coscia and executive director Christopher Ward—met on May 21 after Silver said in a speech that he was “fed up” with the stalemate between Silverstein and the Port Authority.

    The morning after the June 11 deadline passed, Silver was more diplomatic in his assessment of the negotiations.
    “It’s obviously complex,” Silver said. “Financing was available two, three, four years ago to complete these projects, but everything was delayed and wasn’t coordinated very well. Hopefully we can move toward a conclusion in the very near future. We don’t want lot of false starts and photo opportunities.”


    A rendering of the completed World Trade Center site. At right, along Church Street and a reconstructed Greenwich Street, are Larry Silverstein's three proposed office towers.

    A source familiar with the negotiations said the two sides have spent the last several weeks since the May “summit” arguing over whether Tower 2 ought to be built immediately or put on hold until the commercial real estate market in Lower Manhattan recovers. Earlier this week, the source said, Silverstein offered to pay for much of the below-ground infrastructure work on the eastern part of the site, work that the Port Authority is years behind in completing. In exchange, the Authority would agree to serve as a guarantor for construction loans for Towers 2 and 4, and build a six-story mall-type “podium” at the site of Tower 3.

    “We have made significant progress over the past three weeks,” Silverstein said in a statement. “I am confident that we can find a way to move forward together. As I’ve said many times before, failure is not an option.”

    A spokesman for the Port Authority declined to comment on any part of the negotiations. Last month, the Authority offered to help fund Tower 2, but only if Silverstein committed $370 million of his own money—and another $430 million in insurance money he received for the destroyed World Trade Center—and agreed to surrender entirely the site for Tower 3, a source familiar with the negotiations said. Silverstein would also have to agree to stop charging the Authority the $300,000-a-day fee he collects for the late delivery of the sites for Towers 2 and 3, and give back the money he’s already received.

    Another offer from the Port Authority would have the agency build the first few floors of Towers 2 and 3, allowing it to complete infrastructure work needed for the memorial museum and transit center. Those above-ground buildings would be outfitted with retail tenants while construction of the towers remained on hold until the commercial rental market recovers. Christopher Ward, the Authority’s executive director, has said that backing financing for Silverstein’s office towers before demand for office space Downtown resurges would destabilize the market.

    The Port Authority seems to be alone in its opinion that the real estate market will not be strong enough to support three new office towers—Silverstein’s Towers 2 and 4 and the Authority’s 1 World Trade Center—among the reconstruction leaders participating in the negotiations. However, Govs. Paterson and Corzine—who ultimately control the Authority—have both said they are reluctant to inject public money into the private developments.

    On June 8, the New York Times reported that the city has offered to contribute up to $100 million to cover any shortfalls in the financing of Tower 2. Bloomberg’s press office said it would not confirm the offer. Both Bloomberg and Silver have both said publicly that they are confident Lower Manhattan’s real estate market will turn around by the time Silverstein’s towers are completed.

    http://www.tribecatrib.com/news/2009...-continue.html

  4. #4624

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    Anyone have any idea what is up with the Earthcam of the WTC site?

  5. #4625
    Forum Veteran Daquan13's Avatar
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    Quote Originally Posted by BiggieSmalls View Post
    Anyone have any idea what is up with the Earthcam of the WTC site?


    Probably a victim of the financial crisis. Maybe they can't afford to have it on now.

  6. #4626

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    Quote Originally Posted by BiggieSmalls View Post
    Anyone have any idea what is up with the Earthcam of the WTC site?
    Now, it's asking for a login. I hope they are not blocking it. It's too much fun. The rebuildgroundzero.org cam has been down as well.

  7. #4627

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    im getting that too..

    wasnt there another one in connection with that documentary of the rebuilding?

    Seems weird that both would be down at the same time

  8. #4628

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    I also found this one, but the view isn't as good.

    http://howtodaylooksgroundzero.blogspot.com/

  9. #4629
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    NY Times

    Still No Breakthrough in Ground Zero Talks

    By CHARLES V. BAGLI
    Published: June 15, 2009

    Mayor Michael R. Bloomberg’s effort to break the impasse over the development of office towers on the 16-acre ground zero site limped along Monday, with the Port Authority of New York and New Jersey and the developer Larry A. Silverstein still at odds.

    Officials from New York and New Jersey, as well as the developer and the Port Authority, which owns the World Trade Center site, have been in constant discussions since last Thursday, which had been the mayor’s deadline for a resolution to be passed. But several officials involved in the talks say the two sides continue to snipe at each other’s proposals.

    Deputy Mayor Robert C. Lieber tried to put the best face on what is becoming a tedious effort, while seeming to scold both sides.

    “While our talks have made headway, we can continue to work through the details to try to arrive at a consensus that all parties can support,” Mr. Lieber said in a statement released by City Hall. “The redevelopment of ground zero is no ordinary real estate project. Rebuilding the site is a civic obligation of the highest order, and the people of our city rightly expect all those responsible for the site to work cooperatively to honor that obligation.”

    Mr. Silverstein is to build three office towers on the site. Unable to obtain financing or secure anchor tenants, Mr. Silverstein has demanded that the Port Authority guarantee as much as $3.2 billion in loans.

    The authority, which is already building a skyscraper, a transit hub and portions of the Sept. 11 memorial, reluctantly offered to provide help with up to $1.2 billion in financing for the first of the developer’s three towers. The authority does not want to function as a bank for speculative office space, especially at a time when commercial vacancy rates are climbing and the Port Authority’s own revenues have declined.

    “We agree that the World Trade Center must be rebuilt to meet the public interest, which is why we will continue in good faith to push for a solution that delivers retail and office space to meet a significantly changed market while protecting public resources and public projects,” Stephen Sigmund, a spokesman for the authority, said in a statement. “In the meantime, the public side of the site will move forward.”

    So far, the governors of New York and New Jersey have backed the authority’s position, while Mr. Bloomberg and Sheldon Silver, the New York State Assembly speaker, have largely supported Mr. Silverstein.

    Despite the deadlock, hundreds of construction workers labor at the site on the authority’s office tower, the memorial, the transit hub and even Mr. Silverstein’s first tower, which is emerging at street level from the bottom of the construction pit.

  10. #4630

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    “We agree that the World Trade Center must be rebuilt to meet the public interest, which is why we will continue in good faith to push for a solution that delivers retail and office space to meet a significantly changed market while protecting public resources and public projects,”
    Translation: We want retail stumps instead of Silversteins' buildings, and office space only in our tower.

  11. #4631
    Kings County Loyal BrooklynLove's Avatar
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    Why not approach Treasury re a TALF purchase of ABS backing loans for towers 2 and 3? With such an agreement in place, banks would likely lend. TALF could then sell the ABS to investors 10 years from now once the buildings are up and office space is renting.

  12. #4632

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    Agree there HAS TO BE some way to get the Feds involved.

    Like everyone is saying.. this is NOT just some big city development. THIS IS REBUILDING GROUND ZERO!!!!

    Cant believe that the governors arent on the phone to Obama. Corzine is a smart guy with loads of connections. He could have a few billion wired from the TALF by Friday with a few calls.

    Figure out a way to not make this a Silverstein bailout and lets start hanging some steel..

  13. #4633
    Forum Veteran Daquan13's Avatar
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    This project will NEVER be completed as long as people just keep on throwing monkey wrenches into it! Just when everyone thought that it might be safe to assume that nothing else could go wrong!!

    Bang, slam, a new frivelous excuse is born; The funds are dried up. Other than the Freedom Tower, and the Memorial, I've just about given up on everything else! Doesn't even look like a miracle can save it now.

  14. #4634

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    Quote Originally Posted by Daquan13 View Post
    This project will NEVER be completed as long as people just keep on throwing monkey wrenches into it! Just when everyone thought that it might be safe to assume that nothing else could go wrong!!

    Bang, slam, a new frivelous excuse is born; The funds are dried up. Other than the Freedom Tower, and the Memorial, I've just about given up on everything else! Doesn't even look like a miracle can save it now.
    Damn right! I'm now following the "Renovating a Tribeca Lobby" thread instead!

  15. #4635
    Forum Veteran Daquan13's Avatar
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    Yeah, four simple office towers, and they can't even get THOSE built!

    Well make that three because it appears as though Tower 4 is on the move. The other two, well, that's anybody's guess.
    Last edited by Daquan13; June 17th, 2009 at 12:36 PM.

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