PA meets 19 out of 20 building goals

New York /
Aug.August 05, 2009 04:09 PM

In a second-quarter milestone report, the Port Authority of New York and New Jersey said that it has met 19 out of 20 quarter rebuilding goals, including the installation of more than 2,400 tons of steel for the National September 11 Memorial and Museum and the installation of 1,250 cubic yards of concrete at 1 World Trade Center. The goal the agency did not meet was the completion of approximately half a sector of steel over the PATH line. Taking a long view, a study by the Lower Manhattan Construction Command Center shows that the Port Authority is five to 10 years behind the previously promised dates for public infrastructure at the site, including work on the PATH hub. But according to the milestone report, construction on the transportation hub is slated to be heavily worked on in the third quarter and mostly completed by fourth-quarter 2009. In a press release sent out yesterday by Silverstein Properties, developer Larry Silverstein says construction delays on those key elements of infrastructure have adversely affected the cost and schedule of his three office towers while also hindering his ability to finance, market, and complete them as previously planned. But Silverstein said he remains firm in his resolve to finish the project: “My team and I remain steadfast in our commitment to rebuild the World Trade Center as the centerpiece of the dynamic mixed-use community that has emerged downtown.” TRD


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
US HUD Secretary Marcia Fudge (Getty, iStock)
HUD secretary declares Miami “epicenter” of housing crisis
HUD secretary declares Miami “epicenter” of housing crisis
A photo illustration of the Gowanus neighborhood (iStock)
Judge OK’s Gowanus rezoning, calling opponents late and off base
Judge OK’s Gowanus rezoning, calling opponents late and off base
From left: 121 West 26th Street, Watermark’s Brendan Medzigian and Two Kings Principal Christopher Wang (Google Maps, Watermark , LinkedIn)
Watermark Capital sells Holiday Inn in Chelsea for $80 million
Watermark Capital sells Holiday Inn in Chelsea for $80 million
Carlton Hobbs with 60 East 93rd Street (Getty, Google Maps)
One of NYC’s widest townhouses sells for $53M
One of NYC’s widest townhouses sells for $53M
Kathy Hochul, Samy Nemir Olivares, Lee Zeldin, Nikki Lucas, Keron Alleyne, Erik Dilan (Getty Images, iStock, Nikki Lucas, Keron Alleyne, Samy Nemir Olivares, Facebook)
Real estate’s election winners and losers
Real estate’s election winners and losers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...