Officials worried delays at WTC performing arts center could imperil federal funding

Disagreements between Port Authority and LMDC are causing delays

Mar.March 28, 2017 10:25 AM

Squabbles between the Port Authority of New York and New Jersey and the Lower Manhattan Development Corp. could threaten federal funding to the performing arts center planned for the World Trade Center.

Officials are concerned that various delays could imperil roughly $150 million — what remains from grants provided by the U.S. Department of Housing and Urban Development to the LMDC after Sept. 11, Crain’s reported. The land for the Ronald O. Perelman Performing Arts Center is controlled by the Port Authority, but the agency won’t relinquish control until its paid for below-grade work required to prepare the site, Crain’s reported. Port Authority contends that it’s owed $67 million for the work, while LMDC argues that it only owes $45 million.

The bi-state agency has also long insisted that LMDC give up another parcel on the south end of the World Trade Center site in exchange for the performance center’s site. But the LMDC has instead considered selling the site for residential development. The disputes with Port Authority have also delayed LMDC’s efforts to shut down.

Former director of City Planning Carl Weisbrod once likened the relationship between the two agencies to “marriage without sex.” [Crain’s] — Kathryn Brenzel

Related Articles

US Steel’s sprawling South Works site is about the size of Downtown Chicago. At left, Common, who wants to partner with developers on a mixed-use entertainment district there, and Dan McCaffery, whose vision for a 13,000-home community fizzled out. (Credit: Common by Paras Griffin/Getty Images; McCaffery via McCaffery Interests; aerial by Cushman & Wakefield)

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

Morris Moinian and 1150 6th Avenue (Credit: Noam Galai/Getty Images, Google Maps)

Morris Moinian to sell site of stalled hotel project

An aerial of Flushing's waterfront and New York City Council member Peter Koo (Credit: Google Maps)

Massive Flushing waterfront development stirs opposition

133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee