Cuomo seeks donors to finance long-stalled shrine at WTC

The governor tapped billionaire John Catsimatidis to raise the $40 million the project needs to finish

New York /
May.May 05, 2019 09:00 AM
John Catsimatidis, St. Nicholas Greek Orthodox National Shrine and Andrew Cuomo (Credit: Getty)

John Catsimatidis, St. Nicholas Greek Orthodox National Shrine and Andrew Cuomo (Credit: Getty)

The stalled re-construction of a Greek Orthodox church at Ground Zero is getting a second wind — this time from Gov. Cuomo.

The governor has lobbied for seven donors to step up and help finance the reconstruction of the St. Nicholas Greek Orthodox National Shrine, which was destroyed in the terrorist attacks on Sept. 11, 2001, the New York Post reported.

“He wants the church finished,” said John Catsimatidis, Red Apple Group founder and one of the donors, to the outlet. Cuomo also hopes Democratic donor Dennis Mehiel and Nassau County District Attorney Madeline Singas join the group, according to the paper’s sources. (Earlier this spring, Catsimatidis also got an invite to Cuomo’s quiet fundraiser.)

A spokesperson for Cuomo said that the governor contacted the Port Authority, which owns the land and leases it to the church for $1 a year, and “is trying to help the project that has been stalled for years,” according to the Post.

When the design by Spanish architect Santiago Calatrava was announced in 2013, the structure, intended to glow at night, was supposed to cost $20 million. That rose to $35 million in 2015, at the time of the ground-breaking, and has only ballooned since.

In December 2017, the Greek Orthodox Archdiocese ran out of money amid reports that the Archidiocese had misappropriated funds. The U.S. Attorney’s Office in Manhattan is now investigating the matter.

The project’s estimated cost is now about $80 million, so the church still needs some $40 million to be complete it. Donors would be ready to contribute on the condition that a new group was leading the project, according to Catsimatidis.

“If the Archdiocese is in charge, they’re not giving the money,” he told the Post. [NYP] — Mary Diduch


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Owners of some residential properties can’t hide behind
LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)

Landlords take another hit: Cuomo signs expanded Loft Law

Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo wants to exempt NYC from prevailing wage bill

Cuomo wants to exempt NYC from prevailing wage bill
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock)

Real estate deals dominate Opportunity Zones. Is that bad?

Real estate deals dominate Opportunity Zones. Is that bad?
Gov. Andrew Cuomo and City Council member Mark Levine (Getty; City Council)

Parts of Manhattan, Staten Island enter lockdowns, but is it enough?

Parts of Manhattan, Staten Island enter lockdowns, but is it enough?
Assemblymember Marcela Mitaynes  and Sen. Charles Schumer (Photos via Protect Sunset Park; Getty; Facebook)

With NY poised to lose billions, socialists fight real estate

With NY poised to lose billions, socialists fight real estate
From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

These developers could benefit the most from Soho’s rezoning

These developers could benefit the most from Soho’s rezoning
arrow_forward_ios

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

Loading...