Sept. 11 Museum subcontractors to receive pay

TRD New York /
Apr.April 19, 2012 03:00 PM

The Port Authority of New York & New Jersey, as well as the Sept. 11 Museum at the World Trade Center, will pay subcontractors working on the museum and memorial a total of $50 million, Crain’s reported. The Port Authority will send out a $15 million payment starting today to the subcontractors, though Crain’s did not mention how many of them there were.

The money comes as part of a pending deal to resume construction, Crain’s said. The work won’t resume immediately, due to necessary construction schedule revisions. The new completion date is June or July of next year.

As previously reported, a financing dispute over construction costs was likely to delay the opening of the museum, which was slated to be completed this September. About six months ago, work at the site came to a “virtual standstill,” according to Crain’s, after subcontractors who said they weren’t getting paid stopped going to work. [Crain’s]


Related Articles

arrow_forward_ios
From left: Port Authority Bus Terminal, Grand Central and Penn Station (Wikipedia, Pixabay, CDC)

TRD Insights: Focus may shift to Manhattan’s 3 transport hubs in post-Covid office market

TRD Insights: Focus may shift to Manhattan’s 3 transport hubs in post-Covid office market
Rick Cotton, Executive Director of The Port Authority of New York and New Jersey, and a photo of a mostly empty John F. Kennedy Airport pictured on April 16, 2020 (Credit: Astrid Stawiarz/Getty Images, Spencer Platt/Getty Images)

Major NY and NJ infrastructure projects in jeopardy

Major NY and NJ infrastructure projects in jeopardy
Andrea Soros Colombel and 243-245 West 4th Street (Credit: Google Maps, iStock)

Contractor alleges George Soros’ daughter asked him to deceive city

Contractor alleges George Soros’ daughter asked him to deceive city
Epstein's Mansion at 9 East 71st Street and the Frick Museum at 1 East 70th Street with Jeffrey Epstein (Credit: Getty Images, Google Maps, Wikipedia)

Preservationists want the Frick to buy Epstein’s old mansion

Preservationists want the Frick to buy Epstein’s old mansion
Rep. Alexandria Ocasio-Cortez, Governor Andrew Cuomo (inset) and a rendering of LaGuardia's AirTrain (Credit: Getty Images, ANewLGA)

AOC joins in fight against Cuomo’s $2B LaGuardia AirTrain project

AOC joins in fight against Cuomo’s $2B LaGuardia AirTrain project
Cushman & Wakefield CEO Brett White and the Oculus (Credit: Cushman & Wakefield and Unsplash)

Cushman’s management contract at Oculus extended despite woes

Cushman’s management contract at Oculus extended despite woes
The architect claims the design, construction and marketing of the tower rips off the design of a tower he planned and modeled for his thesis

Lawsuit over WTC design is whittled down

Lawsuit over WTC design is whittled down
Families that made New York City: The legacy of the Rockefellers

Families that made New York City: The legacy of the Rockefellers

Families that made New York City: The legacy of the Rockefellers
arrow_forward_ios

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

Loading...