RPA has weighed in on a dispute at the World Trade Center site between the developer Larry Silverstein and the Port Authority of New York and New Jersey. At hand is whether the Port should assist Mr. Silverstein in securing financing for Towers 2 and 3. The Port, which has resisted the request, has said the slowdown threatens progress with the remainder of the site.
RPA sent two letters to the Mayor, Governor Corzine and Governor Paterson, who will meet with the Port and Silverstein this week, regarding the dispute. The first letter is from RPA and expresses our long-held beliefs that:
The second letter is from a number of civic groups that feel the Port should be investing in more important regional transportation initiatives rather than subsidizing commercial office space.
Read coverage in the Wall Street Journal, Crain's New York Business and New York Times.
RPA sent two letters to the Mayor, Governor Corzine and Governor Paterson, who will meet with the Port and Silverstein this week, regarding the dispute. The first letter is from RPA and expresses our long-held beliefs that:
- public funds should not be diverted to support the development of commercial office space at the World Trade Center site beyond the current commitments of the Port Authority of New York and New Jersey and LMDC.
- the WTC site should be restored to support street life and connections to the rest of Lower Manhattan as quickly as possible.
- commercial development in Lower Manhattan should be paced by the market, rather than public subsidies.
The second letter is from a number of civic groups that feel the Port should be investing in more important regional transportation initiatives rather than subsidizing commercial office space.
Read coverage in the Wall Street Journal, Crain's New York Business and New York Times.
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