Skanska stops work at WTC shrine over missed payments

Archdiocese skipped multiple deadlines

TRD New York /
Dec.December 12, 2017 07:00 AM

Photos of St. Nicholas National Shrine near the World Trade Center

Construction has come to a halt at a religious shrine near the World Trade Center after the church missed several payments to the project’s construction team.

The Greek Orthodox Archdiocese of America allegedly misappropriated funds intended for St. Nicholas National Shrine and missed a series of payments to the project’s contractor, the Commercial Observer reported. As a result, Skanska USA ended its contract with the Archdiocese and instructed its subcontractors to stop all work at 130 Liberty Street.

According to the Pappas Post, the church’s leaders misappropriated restricted or segregated funds — including some meant for the shrine — for travel expenses and other administrative costs.

To address these issues, the archdiocese says it’s hired a new chairman of the church’s finance committee, tasked accounting firm Grant Thornton with conducting an audit and plans to form an investigative committee to study the project.

The shrine, designed by Santiago Calatrava, sits on land controlled by the Port Authority of New York and New Jersey. The church leases the land for $1 per year and has the option to buy the property for $1 at any time during its 198-year lease. The shrine replaces a chapel that was destroyed during the Sept. 11 attacks. [CO] — Kathryn Brenzel 

Related Articles

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

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

Chicago’s top 5 general contractor firms were approved to build over 9 million square feet of new development

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

Resi scorecard: Brooklyn and Queens condo inventory through June 2019