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%
Page 338 of 407 FirstFirst ... 238288328334335336337338339340341342348388 ... LastLast
Results 5,056 to 5,070 of 6091

Thread: World Trade Center Developments

  1. #5056
    Forum Veteran Daquan13's Avatar
    Join Date
    Jan 2008
    Location
    East Boston, MA.
    Posts
    2,728

    Default

    Actually, Lofter1, I think that the plan was revealed way back in about '46 when NYC officials had first thought about the idea.

    They just didn't know where to build it at the time and funds had to be secured, as well as oposition being met along the way. Even though actual construction of the complex didn't begin until August '66.

  2. #5057
    Forum Veteran
    Join Date
    Feb 2003
    Location
    New York City
    Posts
    1,752

    Default

    Crain's

    Port and Silverstein meet over WTC impasse

    By Theresa Agovino

    Published: February 23, 2010 - 12:02 pm

    The Port Authority of New York and New Jersey and Silverstein Properties Inc. representatives are slated to meet Tuesday to discuss the developer’s proposal for ending the feud with the agency over help financing two of Silverstein’s towers at Ground Zero.

    The Port is not expected to make a counter offer but instead will drill in for more details about developer Larry Silverstein’s proposal, which it views as largely smoke and mirrors, according to sources familiar with the negotiations.

    Two weeks ago, Mr. Silverstein issued an agenda that included putting as much as $250 million of his own funds into the deal—up from an earlier offer of $50 million—and using all of his insurance money on just two towers instead of spreading it out over three. Additionally, in a move that would save about $262 million, Mr. Silverstein proposes building what is referred to in various development plans as Tower 3, instead of his more expensive Tower 2.

    Among the details the Port wants to know is how soon Mr. Silverstein could come up with any of the funds he is pledging.

    The Port has offered to backstop one tower but said it can’t afford to help with two, adding that it isn’t the job of a public agency to aid in financing private developments.

    Conditions are ripe for a tense meeting. Last week, Mayor Michael Bloomberg praised Mr. Silverstein for offering several proposals and criticized the Port for the delays, challenging it to step up the plate and lay out ideas. And on Sunday 60 Minutes ran a segment on the rebuilding of Ground Zero that was very critical of the Port.

    However, last month an arbitration panel found that the Port had fulfilled its primary obligations to Mr. Silverstein and gave the two until mid-March to come up with a construction schedule for the developer’s towers.

    A spokesman for Mr. Silverstein declined comment and a Port spokesman couldn’t be immediately reached.

  3. #5058
    Forum Veteran Daquan13's Avatar
    Join Date
    Jan 2008
    Location
    East Boston, MA.
    Posts
    2,728

    Default

    (Quote) "The Port is not expected to make a counter offer, but instead, it will drill for more details about Ground Zero developer Larry A. Silverstein's proposal, which it views as largely smaoke & mirrors, according to sources familiar with the negotiations." (End quote)

    The PA, in and of itself, is all smoke & mirrors. Just a bunch of dust in the clouds!

    Seems as though they just don't want to try to resolve this issue which has seemingly been ongoing since the terror attacks!

    All they seem to want to do is slow down the progress and try to find bullcrap reasons to nit-pick at the things for the eastern half of Ground Zero. Stuff that THEY THEMSELVES had agreed to from Day One.

    Now they are trying to find every conceivable monkey wrench to throw into the project and drag their feet and the rebuild itself on for many years to come!
    Last edited by Daquan13; March 10th, 2010 at 10:30 AM.

  4. #5059

    Default

    Hope this hasn't been posted before.

    Video update.

    http://www.panynj.gov/wtcprogress/video-gallery.html

  5. #5060
    Forum Veteran Tectonic's Avatar
    Join Date
    May 2007
    Location
    New York City
    Posts
    3,673

    Default

    Would it have been possible to replace any of the old WTC buildings (3, 4, or 6 WTC) if 9/11 never occured?

  6. #5061
    Disgruntled Optimist lofter1's Avatar
    Join Date
    Jun 2005
    Location
    NYC - Downtown
    Posts
    32,654

    Default

    To tear them down and build larger on those sites? The WTC isn't controlled by NYC zoning so it seems the sky would've been the limit there -- if there'd been any need for additional office space.

  7. #5062

    Default

    Boy the PA is putting out the press after the 60 minutes speech..

    the 4th Quarter report is strangely still missing.. Are they waiting for this Silverstein piece to end? Doesnt really make sense to should be independent of the arbitration.

  8. #5063
    NYC Aficionado from Oz Merry's Avatar
    Join Date
    Oct 2002
    Location
    Australia
    Posts
    7,476

    Default

    Unions to Rally to Build Towers at Ground Zero

    By CHARLES V. BAGLI

    The city’s construction unions plan to hold a lunchtime rally at ground zero on Tuesday in an effort to break the deadlock between the Port Authority and the developer Larry A. Silverstein over building speculative office space on the 16-acre site.

    Union officials say they are gathering several thousand carpenters, iron workers and laborers, as well as unemployed union members, to stress that they are ready to build two more office towers at the former World Trade Center, as Mr. Silverstein wants to do.

    “We’re not taking sides or assigning blame,” said Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York, a labor umbrella group. “We’re making a public statement on behalf of the building trades that we’re ready to build them.”

    But in the deeply politicized world of ground zero, things are not always what they seem. One trade union official, who insisted on anonymity because he was not authorized to speak on behalf of the council, said Mr. Silverstein urged them to hold the rally to put pressure on the Port Authority of New York and New Jersey.

    The rally is one more point of contention in the slugging match between the authority and Mr. Silverstein, who is backed by Mayor Michael R. Bloomberg. Both sides are working against a looming deadline while they debate how much government should invest in private development, especially at a time when the real estate market is weak.

    The Port Authority is building 1 World Trade Center, formerly called the Freedom Tower; a transit center; a memorial; and streets and utilities. Mr. Silverstein, who held the lease on the twin towers when they were destroyed on Sept. 11, 2001, has the right to build three other office towers at ground zero. Unable to secure financing or corporate tenants, Mr. Silverstein wants the Port Authority to finance the construction of at least two of the three towers, totaling 4.8 million square feet, the equivalent of two Empire State Buildings. And the some of the construction union officials support him.

    “We have a good relationship with Larry, who’s a union builder,” the union official said. But, “when you have 25 to 30 percent unemployment you don’t need much prodding” to have a rally.

    Still, Mr. Silverstein denied doing any of the “prodding.”

    “It’s hardly news that we support accelerating the rebuilding of the World Trade Center site, which would create thousands of union construction jobs,” said Bud Perrone, a spokesman for Mr. Silverstein. “While we’re cooperating with the sponsor of this rally, the Building and Construction Trades Council of Greater New York, the event was called for, belongs to and will be attended by the men and women of the construction unions.”

    Last week, the General Contractors Association, whose members work on the Port Authority’s airport, road and bridge projects, sided with the authority, warning that the city had to rebuild the trade center “in a way that does not bankrupt the Port Authority and curtail critically needed investment in the port’s transportation infrastructure.” The authority, it noted, had already cut $5 billion from its 10-year capital program.

    In a proposal last week, the authority offered to help Mr. Silverstein with one of the three tower buildings. If he is able to secure commercial tenants for one-fifth of the second tower over the next two years, then the authority would help with the second, as long as the city and the state also contributed to the effort and Mr. Silverstein put $300 million of his own money into the project. If he cannot get an anchor tenant, the authority proposed that Mr. Silverstein be allowed to build a retail complex, over which the second tower could be built later on. But Mr. Silverstein and the city have shown no enthusiasm for the proposal.

    An arbitration panel in January refused to take Mr. Silverstein’s side in the dispute and gave both sides until Friday to come up with a solution or risk the panel imposing its own.

    At this point, all sides agree that the third tower would be delayed, possibly for a decade. Some authority executives say that this opens the possibility that the third site could be used for a park, a cultural institution, or even a smaller building that combines office space and apartments or a hotel, instead of a giant office tower that may no longer be suitable for downtown.

    The authority, which is now building the first skyscraper at ground zero at a cost of $3 billion, is not eager to support towers without tenants, especially when the vacancy rate is expected to grow over the coming years. The Regional Plan Association, a private planning group, said that it favored efforts to restore commercial space on the site, but that it also believed “that it should be the responsibility of the private sector to absorb the risks of new office space construction.”

    Today, the commercial vacancy rate downtown is about 11 percent, but rents are continuing to fall on the expectation that more vacant space will come on the market as Goldman Sachs relocates and A.I.G. and Merrill Lynch shrink. In a recent report, Jones Lang LaSalle, a real estate broker, called the situation “the calm before the storm.”

    http://www.nytimes.com/2010/03/09/ny...l?ref=nyregion

  9. #5064

    Default

    “the calm before the storm”


    It's nice to know some people have absolutely no hope of there ever being an economic recovery. It's very uplifting.

  10. #5065

    Default

    Moved 5 posts relating to the hotel on Cedar St to this thread.

  11. #5066

    Default

    Quote Originally Posted by Merry
    Some authority executives say that this opens the possibility that the third site could be used for a park, a cultural institution, or even a smaller building that combines office space and apartments or a hotel, instead of a giant office tower that may no longer be suitable for downtown.
    Doesn't sound like the PA is very confident about the future of Downtown as a competitive business district.

    It shouldn't be difficult to imagine all this space being absorbed eventually, considering all the proposed space (and then some) existed downtown just 10 years ago, and sustained a ~2% vacancy rate.
    Last edited by Derek2k3; March 10th, 2010 at 11:42 AM.

  12. #5067

    Default

    I don't think the argument is whether or not Downtown will be competitive. It's who's going to pay for the office towers. Are these towers any different than other stalled projects throughout the city?

    The PA leased out the office space during a long business boom. They don't want to be in the real estate business. They're sinking $3 billion into 1WTC, and another (is it $3 billion) into the hub.

  13. #5068

    Cool Ny post

    Mob 'bribe' plot at WTC

    By JANON FISHER
    Last Updated: 5:06 AM, March 10, 2010
    Posted: 4:38 AM, March 10, 2010

    Ground Zero can't shake the mob.

    Eight members of the Colombo crime family were indicted yesterday for allegedly offering kickbacks to land a subcontract at the site -- and then threatening to use muscle to collect on late payments from the company.
    Prosecutors in Brooklyn federal court alleged the mob clan offered kickbacks to a foreman at Ground Zero to ensure that Testa Corp, a Boston-area excavator, would subcontract with All Around Trucking, a Colombo carting company.

    The mobsters then threatened to shut the Freedom Tower operation down -- using force if necessary -- when Testa fell several hundred thousand dollars behind in payments, according to the charges.

    "You want me to yoke the guy up and hit him over the f - - - ing head with a coffee pot?" alleged mobster James Bombino asks Michael Persico, the son of jailed former crime-family boss Carmine "The Snake" Persico, according to wiretaps arranged by the feds.

    Persico -- whose only run-in with the law until now had been a drunk-driving bust -- told Bombino to "threaten the job," according to the tapes.
    At one point, Bombino told a confidential informant that Persico told him: "We have to light a fire under their ass. Where's the check? They're shakin' in their boots."

    But Persico's cousin, Theodore "Skinny" Persico Jr., who was on supervised release for a previous racketeering conviction, appears much more willing to use violence, according to the FBI recordings.

    When a former Gambino-family member comes to "Skinny" Persico looking for protection after jumping to the Colombo clan, he tells the man: "If it was up to me, I'd go get a gun and shoot them or stab them or beat them up when I see 'em," according to the tapes.

    "Skinny" then allegedly began extorting money from him in exchange for protection.

    Two married associates, Edward and Alicia Garofalo, also were accused of embezzling money from the Teamsters Local 282 pension fund by submitting phony claims, the prosecutors claimed.
    janon.fisher@nypost.com

  14. #5069

    Default

    Quote Originally Posted by ZippyTheChimp View Post
    I don't think the argument is whether or not Downtown will be competitive. It's who's going to pay for the office towers. Are these towers any different than other stalled projects throughout the city?

    The PA leased out the office space during a long business boom. They don't want to be in the real estate business. They're sinking $3 billion into 1WTC, and another (is it $3 billion) into the hub.
    I think the PA would be more open to financing the towers if they believed the towers were actually going to open mostly occupied. It's obvious that they have a great concern that Silverstein will default and they'll be stuck with these towers. Personally, I don't blame them.

    Just look what the PA is stipulating Silverstein must do:

    • Pre-lease 500,000 square feet of the tower's office space—about a quarter of its total 2.1 million square feet—within two years of signing a new construction agreement before the agency will back any loans, at rates almost double the average asking rent for high-grade office space in Lower Manhattan.

    • The Port Authority would also seek reimbursement for some of its losses from the city and state should Silverstein ultimately default on either of his towers.

  15. #5070
    Senior Member DMAG's Avatar
    Join Date
    Dec 2006
    Location
    Trumbull, CT
    Posts
    255

    Default

    Quote Originally Posted by Sherpa View Post
    "You want me to yoke the guy up and hit him over the f - - - ing head with a coffee pot?" alleged mobster James Bombino asks Michael Persico, the son of jailed former crime-family boss Carmine "The Snake" Persico, according to wiretaps arranged by the feds.
    Is it just me or can you imagine Joe Pesci saying that with that sideways look?

Similar Threads

  1. Winter Garden of World Financial Center - Recent pictures
    By Edward in forum New York City Guide For Visitors
    Replies: 166
    Last Post: August 31st, 2016, 01:04 PM
  2. Rockefeller Center Christmas Tree
    By Edward in forum New York City Guide For Visitors
    Replies: 16
    Last Post: December 21st, 2010, 10:17 PM
  3. Building Art at Rockefeller Center
    By ZippyTheChimp in forum New York City Guide For Visitors
    Replies: 26
    Last Post: June 26th, 2009, 03:40 PM
  4. East 57th Street Tops Retail List Highest Rents In the World
    By noharmony in forum New York Real Estate
    Replies: 1
    Last Post: January 30th, 2008, 01:33 PM
  5. Jazz at Lincoln Center - Time Warner Center
    By Edward in forum New York Skyscrapers and Architecture
    Replies: 8
    Last Post: October 16th, 2007, 01:47 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


Google+ - Facebook - Twitter - Meetup

Edward's photos on Flickr - Wired New York on Flickr - In Queens - In Red Hook - Bryant Park - SQL Backup Software