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a staggering $11 billion worth of government-sponsored construction on the 16 acres we now call ground zero — is an example of just about everything wrong with modern government. When the World Trade Center site is finally completed, it will include a state-of-the-art train station whose cost overruns have surpassed $1 billion. The 9/11 memorial itself, which covers the footprint of the former twin towers, was so far behind schedule that it is now being hastily constructed, out of sequence, so that it will be ready by the 10th anniversary
what say you?
Budget Cuts perhaps?
And then there’s 1 World Trade Center, scheduled to be completed in 2013, which will add 2.6 million square feet of office space in a city that doesn’t need it, at a cost so high that it will be a cash drain for decades to come. Where’s the Tea Party when you need them?
WHY is this being done. I refuse to listen to bs Sequestration arguments from right or left when both ARE subsidizing this fraudulent white elephant "memorial" what a farce.
I thought that was all NY State government, NYC government and private investors in it to make a profit.
How much is the federal government into it?
Is ground zero now federally owned property?
I thought that was all NY State government, NYC government and private investors in it to make a profit.
How much is the federal government into it?
Is ground zero now federally owned property?
They are using taxpayer money across the board. And "Liberty Tower" the Silverstein Tower replacing the original Twin Towers is less than 1/3 occupied, so Silverstein is now demanding Federal funding AND bailouts.
LOWER MANHATTAN — The World Trade Center sitecould get a boost from President Barack Obama’s stimulus package — funds that otherwise might go to waste, according to a state agency.
World Trade Center developer Larry Silverstein is seeking $200 million in stimulus bonds to help build Tower 3, a 71-story skyscraper that is scheduled to open in 2015, the Empire State Development Corporation said.
The $25 billion federal Recovery Zone Bonds program expires at the end of this year, so the bonds must be issued before then or they won't be able to be used at all, said Jonathan Beyer, senior counsel at the ESDC.
The bond program is part of the 2009 American Recovery and Reinvestment Act, and was launched last year to support capital projects in areas struggling with job loss.
The federal government divided the available bonds among hundreds of regions across all 50 states, but some of the regions may not have spent their allocations, ESDC said. Rather than let up to $555 million in "recovery zone facility bonds" allocated for New York go to waste when the end-of-year deadline passes, Silverstein hopes to use the financing at the World Trade Center site.
It is unclear how much of the bond money remains, and the ESDC is contacting the state's cities to find out whether they've used their share.
"We are in the process of trying to determine if there will be any excess capacity," said Frances Walton, chief financial and administrative officer at ESDC.
The ESDC, the state agency that would issue the bonds, held a brief public hearing on Silverstein's proposal Monday morning and is scheduled to vote on it Monday afternoon.
In addition to the stimulus bonds, Silverstein plans to finance the 2.1 million-square-foot tower with federal post-9/11 Liberty Bonds, insurance proceeds, private investment and other public money.
The Tea Party is mostly a paper tiger. As we have seen from the 2010 elections they are mostly concerned about their Medicare. Bush bought them off with Medicare Part D. Their real outrage is reserved for someone who isnt white occupying the Whitehouse and anyone who wants government to interfere with their Medicare.
Well since Lucky Larry has received so many nefarious insurance payouts, demanding federal money now is clearly an outrage to anyone in America who pays taxes. What a disgrace. You make light of this? then you aren't a " fiscal conservative".
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