From the NY Post:Developer Larry Silverstein has exercised an option negotiated five years ago requiring the city to rent 582,000 square feet in the second tower going up at the World Trade Center site, The Post has learned.
That's put the Bloomberg Administration in a funny position.
It's now got to make plans to occupy what will be some of the priciest real estate in Lower Manhattan, while it downsizes the government and gets rid of 400,000 square feet of unused office space elsewhere.
Under the deal struck in 2006, the city will pay Silverstein $56.50 a square foot when the building known as Tower 4 is ready for occupancy in late 2013.
From the NY Post:
The chronically over-budget transportation hub that's part of the massive Ground Zero rebuild will eat into even more taxpayer dollars than expected -- for the second time.
Port Authority officials yesterday hiked the cost of the ornate transit center -- which will house stations for PATH trains, 13 MTA subway lines, and a proposed JFK rail link -- by a staggering $180 million.
The change will bring the overall cost to $3.44 billion.
In 2006, officials put an estimate for the Santiago Calatrava-designed site, which would be the third-largest transportation hub in the city, at about $2.2 billion.
In 2008, that price tag went up to $3.26 billion.
5 comments:
5 years ago? 2005 or 6?
when Bloomberg was mayor?
Bloomberg "negotiated" this?
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Developer Larry Silverstein has exercised an option negotiated five years ago requiring the city to rent 582,000 square feet in the second tower going up at the World Trade Center site, The Post has learned.
It sounds like Silverstein and Bloomberg both of the same tribe helped each other. We lose.
It sounds like Silverstein and Bloomberg both of the same tribe helped each other.
ZOG Tribe.
And Anons No. 2 and 3 (the ARPer) are members of the Anti-Semitic tribe.
We knew this was going to happen...
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