{"id":1004018597,"date":"2010-03-26T07:44:41","date_gmt":"2010-03-26T15:44:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004018597"},"modified":"2022-12-08T13:59:26","modified_gmt":"2022-12-08T21:59:26","slug":"wtc-agreement-receives-praise","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wtc-agreement-receives-praise\/","title":{"rendered":"WTC Agreement Receives Praise"},"content":{"rendered":"<p>March 26, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004018598\" style=\"width: 160px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Aaron-Escobar.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004018598\" data-attachment-id=\"1004018598\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wtc-agreement-receives-praise\/aaron-escobar\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Aaron-Escobar.jpg\" data-orig-size=\"500,281\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Aaron Escobar\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user Aaron Escobar&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Aaron-Escobar.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Aaron-Escobar.jpg\" alt=\"\" title=\"Aaron Escobar\" width=\"150\" height=\"150\" class=\"size-thumbnail wp-image-1004018598\" \/><\/a><p id=\"caption-attachment-1004018598\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user Aaron Escobar<\/p><\/div>\n<p>A New York state assemblyman and congressman both hailed the agreement that will see two new skyscrapers constructed on Ground Zero. <\/p>\n<p>In separate statements, New York Assembly Speaker Sheldon Silver and 8th Congressional District of New York representative Jerrold Nadler expressed relief that a 16-month stalemate has come to a close. Silverstein Properties and the Port Authority of New York and New Jersey have reached agreement on construction financing for the towers, with public financing and subsidies providing up to $1.6 billion. Under the agreement about $1 billion of those funds will come from the Port Authority and go toward construction of the first tower. Provided Silverstein can raise $300 million of his own money, the city, state and authority will provide another $600 million for the second tower.<\/p>\n<p>Silverstein leased the World Trade Center\u2019s twin tower from the Port Authority six weeks before they were destroyed.<\/p>\n<p>\u201cFor the more than eight years since the attacks, residents of Lower Manhattan have fought for a fully redeveloped World Trade Center &#8230; This agreement will finally allow us to realize that vision and enables us to continue to build a more vibrant, 24\/7, mixed-use community in Lower Manhattan that is better and brighter than ever before,\u201d Silver said. \u201cThe framework approved by the Port Authority protects taxpayers and the public and appropriately requires the developer to take on a greater share of the risk.\u201d<\/p>\n<p>Silver called the agreement \u201ca testament to the perseverance and willingness to compromise of all of the parties \u2026 to (ensure) that any agreement not step back from our commitment to a full rebuilding of the World Trade Center.\u201d<\/p>\n<p>Nadler, who has served in Congress since 1992, said that the agreement would allow construction to move forward on the 9\/11 Memorial, the World Trade Center transportation hub, and 1 World Trade Center. <\/p>\n<p>\u201cI am pleased with today\u2019s agreement regarding the development of the WTC site,\u201d he said. \u201cOn behalf of my constituents in lower Manhattan, I would like to personally thank Governor Paterson, Mayor Bloomberg, Speaker Sheldon Silver, Port Authority Executive Director Chris Ward and Larry Silverstein for their dedication to ensuring that lower Manhattan will be rebuilt.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A New York state assemblyman and congressman both hailed the agreement that will see two new skyscrapers constructed on Ground Zero. <\/p>\n","protected":false},"author":936,"featured_media":1004018598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21747],"tags":[],"class_list":["post-1004018597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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