...clearing the way for the F-Tower to go up...Almost two Years after this. Sounds like taxpayers got the blunt end of the bargain and Pataki just might have paved part of his gold-brick road to the White House? NYT
Buried somewhere near the end of the article: " To put the Freedom Tower on a sound financial footing, the Pataki administration has pledged to contribute $250 million and round up a million square feet of leases, most likely with federal agencies. The leases would allow the authority to get a mortgage, which, combined with $970 million in insurance proceeds, would cover most of the estimated cost of the building.
Mr. Silverstein, in turn, would develop three office towers along Church Street, between Vesey and Liberty Streets. Construction could begin as soon as the authority completes the foundations on the eastern edge of the site, sometime next year."
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