Wednesday, June 11, 2008

WTC Site Redevelopment Faces More Delays







NEW YORK (AP)
-- New York Gov. David Paterson says the World Trade Center site
redevelopment faces ``likely delays'' and wants to take a new look at
the project.


Paterson on Wednesday asked the executive director of the Port
Authority of New York and New Jersey to determine if the latest
deadlines and budgets for the project are feasible. Paterson wants an
update by the end of the month.


Five office towers, a Sept. 11 memorial, a transit hub and a performing center are planned at the 16-acre site.


The Port Authority also said Wednesday it would be late on a
deadline to turn over land that a private developer needs to begin
building a planned office tower. The agency will pay over $9.6 million
in late fees to developer Larry Silverstein for not finishing the
foundation by June 30.

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