Litigation relating to the recently demolished Deutsche Bank building at 130 Liberty Street, between Washington and Greenwich streets, could endanger the budget for downtown projects such as the East River Waterfront, state officials have revealed.
According to DNAinfo, the Lower Manhattan Development Corp. is the defendant in an $80 million lawsuit filed by criminally-charged Deutsche Bank contractors Boris Lend Lease after the agency failed to make sufficient profit on the troubled demolition.
A fire at the site killed two firefighters in 2007 and Bovis is fighting accusations that they caused the conditions that led to the fatalities. LMDC is also suing Bovis for $100 million as a result of extra costs caused by contractor negligence. … [more]