Bovis spars with city over Deutsche demo

TRD New York /
Jul.July 06, 2010 08:30 AM

Schick and the Deutsche Bank tower

While local officials began publicly debating a new use for the post-demolition Deutsche Bank tower site last month, another battle over the one-time office building at 130 Liberty Street has been unfolding, according to the New York Times. After Bovis Lend Lease, the company in charge of the tower’s demolition, filed a complaint in court last month claiming that the city had stiffed it out of $80 million for work at the site, the Lower Manhattan Development Corporation is firing back. The group filed a court document June 23 criticizing Bovis for having the “gall” to request more money after the repeated delays on the project. Avi Schick, chairman of the LMDC, said that Bovis has failed to adequately fulfill its role in the demolition. “There are two Bovises,” Schick said. “One that speaks with contrition and accepts responsibility for its safety lapses on the site, and then there’s the other Bovis with its had in the taxpayer’s pocket.” [NYT]

 

Related Articles

arrow_forward_ios
Related chairman Stephen Ross with 30 Hudson Yards, 1633 Broadway and 55 Hudson Yards (Credit: Getty Images, Paramount, Wikipedia)

Here were NYC’s largest real estate finance deals of 2019

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

55 Hudson Yards, Facebook CEO Mark Zuckerberg (Credit: Google Maps and Getty Images)

Here’s how much Facebook is paying at Hudson Yards

Jerry Rotonda (Credit: LinkedIn)

Former Deutsche Bank exec has defaulted on $3M loan, lawsuit says

From left: London, Shanghai and Paris

The TRD weekly global digest

Related CEO Jeff Blau, Deutsche Bank CEO Christian Sewing, and Time Warner Center at 10 Columbus Circle (Credit: Getty Images and Wikipedia)

Deutsche Bank shrinks footprint at future Columbus Circle home amid global downsizing

Have no fear? Debt brokers say Deutsche Bank quelled concerns about real estate lending

Have no fear? Debt brokers say Deutsche Bank quelled concerns about real estate lending

Garth Ritchie (Credit: Getty Images)

Head of Deutsche’s I-banking arm to step down

arrow_forward_ios
Loading...