Slideshow> WTC Update: Compare and Contrast, Then and Now
One World Trade in January of last year (left) and today.
It’s been one year since we began walking the circumference of the World Trade Center site and taking photos of the progress. A lot can happen in a year. The city and state are in a tussle over the Memorial Museum bringing construction there to a halt. Larry Silverstein has threatened to cap Tower Three at at seven stories instead of 80 if he doesn’t get a lead tenant by the end of the year. Pat Foye, the new head of the Port Authority has called the PA’s Trade Center focus a “mission drift” and ordered a special committee to audit the years overseen by his predecessor, Chris Ward. And now The New York Post reports that the underground loading dock for One World Trade won’t be completed by the time the first tenants move in.
News from the last couple of months has been so bad that we thought we’d sift through some of our old photos to focus on the work that was completed over the past year. And while One World Trade continues its march upward (it’s nearing the 1,776 feet), other projects on or near the site are almost complete or are on schedule to be finished in the next couple of years. Brookfield‘s renovations of the World Financial Center have begun. Work at Fulton Street Transit Station by Grimshaw continues to chug forward. CUNY’s Fiterman Hall by Pei Cobb Freed was recently capped. And a new visitors center for the memorial opened on West Street.
Ground Zip, Zero, Zilch
A photo of the World Trade Center site from January 12 shows progress on the memorial (center), 1 WTC (top left) and Tower 4 (bottom right) but not Tower 2 or Tower 3 (top right). (WTCProgress/Flickr)
That’s how much the Port Authority owes developer Larry Silverstein, after an arbitration panel’s ruling yesterday, which Silverstein Properties announced in a press release today. The developer had been seeking monetary damages and reduced rents because, Silverstein argued, the PA had delayed in turning over the sites of Tower 2 and Tower 3, also known as 200 and 175 Greenwich, designed, respectively, by Norman Foster and Richard Rogers. The arbitrators, who Silverstein tapped in July, found this not to be the case, though it is not entirely clear why as their decision has not been publicly released. Read More
Everybody Wants a Bailout
Money pits: World Trade Center and Atlantic Yards.
With the news today, reported by The Observer, that Larry Silverstein has begun legal proceedings against the Port Authority to end the gridlock at Ground Zero, as well as the developments two weeks prior at Atlantic Yards, it seems obvious to us what’s going on here. Having witnessed the financial titans across town receive hundreds of billions of dollars in bailout money, these developers now want theirs. Granted, so did Larry Flint and the porn industry, but the comparison bears consideration. Read More
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