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

Disagreements between Port Authority and LMDC are causing delays

TRD New York /
Mar.March 28, 2017 10:25 AM
Renderings of the Ronald O. Perelman Performing Arts Center

Renderings of the Ronald O. Perelman Performing Arts Center

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

Cushman & Wakefield CEO Brett White and the Oculus (Credit: Cushman & Wakefield and Unsplash)

Cushman’s management contract at Oculus extended despite woes

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

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

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation