Demolition of Deutsche Bank building may miss latest deadline

December 31, 2009 12:49PM

Since the city approved the demolition of the Deutsche Bank building two months ago, workers have only deconstructed two floors from the remaining 26 stories, raising doubts that the demolition will meet its latest deadline set for the end of 2010. If the demolition is not complete by then, it would cause further delays at other construction projects at the World Trade Center site. Officials at the Lower Manhattan Development Corp. said they are pushing the contractor, Bovis Lend Lease, to safely speed up work at The 130 Liberty Street project, but a timetable has not yet been set for completion. The building’s demolition, which was initially expected to occur by 2005, has faced numerous delays, as the expected costs for the deconstruction have steadily climbed.

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