It's either job security or a drawn out project ... whichever, 20 years to complete? What?
http://www.globest.com/news/1389_1389/newyork/178098-1.html NEW YORK CITY-The Port Authority of New York and New Jersey, which owns the World Trade Center development site, is negotiating with Silverstein Properties Inc. on possible changes to the timetable on the three towers the developer plans to build there, according to published reports. According to the *New York Times,* the Port Authority, citing a depressed office market Downtown, wants to delay construction of Towers 2 and 3 for as much as 20 years while providing financing only for the 64-story Tower 4 at 150 Greenwich St. For its part, SPI maintains that the office market will recover and wants to proceed now with at least two of the towers, obtaining funds from the authority on both. Published reports say the authoritys proposal, which was delivered two weeks ago, would also entail the agency taking an equity stake in Tower 4, where it would be headquartered. Clickie linkie to read the rest.... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295220 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
