Durst to move National Debt Clock back to One Bryant Park

Ticker blocks new entrance planned for software company at 1133 Sixth Ave.

TRD New York /
Jun.June 06, 2017 10:05 AM

One Bryant Park and the National debt clock (Credit: Durst and Getty Images)

The clock that Seymour Durst vowed would stay up as long as the country’s “debt or the city lasts,” is coming down again — at least for now.

The National Debt Clock at 1133 Sixth Avenue will be taken down on Thursday to make way for a new entrance at the Durst Organization’s TRData LogoTINY building, the New York Post reported. The developer installed the original clock, which estimates the United States’ current national debt and each family’s share of it, in 1989 at Sixth Avenue and 42nd Street. At the time, the debt was under $3 trillion.

The original clock, which was made up of 306 light bulbs, was replaced with a digital version and moved from its initial location when the Dursts demolished a low-rise building to make way for One Bryant Park. In a few weeks, the clock will be moved back to One Bryant Park.

Douglas Durst had to add one more digit to the clock after the national debt broke $10 trillion in 2008. As of Monday, the clock placed the national debt at $19 trillion and each family’s share at more than $168,000.

According to the Durst Organization, the clock blocks the new entrance planned for one of the building’s tenants, Take-Two Interactive. The software company, which counts “Grand Theft Auto” among its creations, inked a 15-year lease last year for 61,383 square feet in the building. [NYP] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here

Amazon CEO Jeff Bezos, 1133 Sixth Avenue and Douglas Durst (Credit: Getty Images)

Durst prevails in $21M lawsuit over soured Amazon deal

729 Seventh Avenue (Credit: Google Maps)

Lawyer argued façade was safe 3 months before fatal accident

Bill Ackman, LeBron James, and Arnold Schwarzenegger with 787 11th Avenue (Credit: Google Maps and Getty Images)

Celebrity property group caught in $11M construction dispute

Renderings of The William Vale and Denizen Bushwick (Credit: iStock)

All Year’s rating outlook turns negative as bondholders reject two amendments

arrow_forward_ios
Loading...