Friday, April 17, 2009

Construction of Several Ground-zero Office Manhattan Towers May Be Slowed



NEW YORK – Construction of several ground zero office towers could be put off for decades because of the failing real estate market, the site's owners said Thursday, citing an analysis that projected one skyscraper might not be built and occupied until 35 years after Sept. 11.

Developer Larry Silverstein and the Port Authority of New York and New Jersey have been talking on and off for months about rewriting a 3-year-old agreement that gives, the developer rights to build three out of five towers planned at the Sept. 11, 2001, terror attack site
http://news.yahoo.com/s/ap/20090416/ap_on_re_us/attacks_redevelopmente