City: Goldman Sachs needs to be Downtown

Government officials defended Thursday actions taken to lure Goldman Sachs to Downtown. The financial giant earlier this year had said it wouldn’t move to the commercially beleaguered area. It changed its mind this week after city and state officials promised at least $150 million in tax breaks and up to $1.6 billion in federally subsidized Liberty Bonds to entice Goldman Sachs to build a 2-million-square-foot Tower On West Street near Ground Zero. more [NYT]