The city has agreed to a settlement worth up to $657 million in more than 10,000 lawsuits filed by September 11th rescue and response workers. Workers who claim they suffered an array of illnesses from the dust and debris at the ruins of the World Trade Center would receive compensation if the settlement is approved [...]
The rebuilding schedule at the World Trade Center site is once again up in the air. Arbitrators have given the Port Authority, which owns the land, and developer Larry Silverstein 45 days to renegotiate a construction timetable. The decision was handed down after Silverstein sought damages and rent abatement for infrastructure delays. The arbitration panel [...]
Developer Larry Silverstein will not be able to collect $2.8 billion in damages he was seeking from airlines and security companies he claims are partially responsible for the Sept. 11, 2001, terrorist destruction of the World Trade Center, according to the most recent ruling in the eight-year saga. A judge for the U.S. Southern District [...]
New Yorkers are feeling pessimistic on the rebuilding efforts at the World Trade Center site. According to a Quinnipiac poll, 61 percent of those surveyed do not believe the first phase of the September 11th Memorial will be ready by the 10th anniversary of the attack in 2011, while 28 percent believe it will be. [...]
The World Trade Center site’s owner says in the next few days it will be able to stop paying a $300,000 daily penalty for missing deadlines to turn land over to the site’s developer. The Port Authority of New York and New Jersey says it will turn over the land to Larry Silverstein, who is [...]
New Yorkers will soon get the chance to weigh in on the delayed redevelopment at the World Trade Center site. State Senator Bill Perkins says the Committee on Corporations will hold a public hearing on the plans next month. Perkins, who chairs the committee, calls the delays embarrassing and says the feud over financing between [...]
The directors of the Lower Manhattan Development Corporation are meeting as a report predicts the Freedom Tower will not be finished until 17 years after the September 11th terrorist attacks. The Daily News reports that a study by the Lower Manhattan Construction Command Center finds every project at the site is further behind schedule than [...]
New York Gov. David Paterson has given World Trade Center site developer Larry Silverstein an ultimatum in talks over his ground zero lease. He says the site could be redesigned without Silverstein’s buildings. Paterson wrote a letter Monday renewing an offer to help finance two of Silverstein’s planned three office towers at the site. Silverstein [...]
After years of delays, blown budgets, nasty squabbles and workers getting drunk during lunch, the troubled World Trade Center site could soon face a new scandal — a probe into alleged financial fraud by construction companies working there. The Manhattan District Attorney’s Office is investigating Ground Zero subcontractors for allegedly paying their hard hats off [...]
The developer of the World Trade Center site has threatened to go to arbitration to settle a months long impasse to rebuild ground zero. Larry Silverstein says he will go to the arbitrator if he and the Port Authority of New York and New Jersey can’t work out their differences in two weeks. The impasse [...]
