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Thread: 175 Greenwich Street - WTC Tower # 3 - by Richard Rogers

  1. #1246
    Build the Tower Verre antinimby's Avatar
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    And doesn't this push Tower 2 back even more because the funds taken were meant for that tower?

    Anyway, I'm glad this one is moving forward though.

  2. #1247

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    I don't see Tower 2 happening in our generation. But I am grateful for Towers 1, 3, 4 and 7!

  3. #1248

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    I think whether tower 2 goes ahead is going to be more dependent on the economic environment than insurance funds.

    What has clearly happened now is that the PA has become reluctant to make these backroom deals that wind up costing us more money. The fallout from Bridgegate and Chris Chritie's PA appointments has put the agency in an unwanted spotlight. Former chairman David Samson is under federal investigation, and now there's a probe into how PA money was funneled into the Pulaski Skyway rebuild. Bridgegate 2?

    At any rate, Silverstein seems to have gotten the message. One of the main complaints about him has been that he does not have enough skin in the game.

  4. #1249
    Disgruntled Optimist lofter1's Avatar
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    Not enough skin in the game? Just like in Show Biz, the number one rule of these new NY RE guys ...

    "Never put your own money in the show"


  5. #1250
    Senior Member treebeard's Avatar
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    I've been told that every time Larry sits down at a meeting he attempts to renegotiate the deal. It's just his nature.

  6. #1251
    Disgruntled Optimist lofter1's Avatar
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    Typical: "OK, we've all agreed to a deal. Now let's talk specifics."

    If that's his nature, then it's a sign of bad character.

  7. #1252
    Senior Member treebeard's Avatar
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    I agree completely

  8. #1253
    Forum Veteran TREPYE's Avatar
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    You dont get a dignant nickname like "Low End Larry" for no reason.

  9. #1254
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    He got the nickname from his inexpensive developments.

    And I'm a little surprised at the flack pointed at Larry, given that he's been dealing with an agency that has been under the thumb of both George Pataki AND Chris Christie. As far as I recall, the only good chairman they've had since 9/11 was Chris Ward. The terms "grossly mismanaged" and "crony-run" spring to mind.

    Given that, I wouldn't trust a damn thing they say unless it was witnessed by two neutral parties and notarized.

  10. #1255

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    The PA isn't blameless in all this. Their dysfunction has been Silverstein's enabler all these years.

    The fact that for once they made the correct move and said no, and Silverstein suddenly finds a way to go forward says a lot.

  11. #1256
    Senior Member treebeard's Avatar
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    The Port Authority is a, probably criminal, disgracefully run abomination. as you say, a reward position for political cronies. Larry is intelligent & crafty. I'll side with him over the PA any day. that said, I'd never want to do business with him myself.

  12. #1257
    Build the Tower Verre antinimby's Avatar
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    ^ In a way, you just about have to be a Larry Silverstein type in order to deal with the crooked PA. You can say they've met their match.

  13. #1258

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    And there is no "Low End Larry" nickname. That was made up here on WNY.

    Silverstein has built some of the most expensive towers in the city. He's anything but "low end". The WTC is one of the most expensive sites on the planet, and he's planning a similarly expensive 100+ floor tower on the West Side.

  14. #1259

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    Silverstein is a real estate tycoon. That means he's greedy. They all are. That means if he can sucker someone else into putting their money into a project, such that he has only upside and no downside, he will do that. But he also know how to make a building go up. How to deliver a project on time. Those are not within the PA's skill set. He had the old 7 WTC ruins cleared and the new 7WTC -- which is anything but low end -- built before the PA had even finished clearing the debris from the rest of the site.

  15. #1260

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    Quote Originally Posted by ASchwarz View Post
    The WTC is one of the most expensive sites on the planet,
    Yes, we know that; we'd just like him to use more of his own money, and less of ours.

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