Deutsche Bank demolition gets more money

August 07, 2009 08:41AM

The Lower Manhattan Development Corporation approved another $2.5 million for the demolition of the Deutsche Bank building this week. So far, about $280 million has been allocated for the purchase and demolition of The 130 Liberty Street building, and the project could cost an additional $30 million before it is completed, according to Downtown Express. Some of the newly allocated funds will go toward the project’s legal costs, associated with the August 2007 fire at the building. The $2.5 million allocation approved this week should be enough to help the project through November, at least, Downtown Express reported.


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