The Port Authority and the Lower Manhattan Development Corporation recently arrived at a deal to develop 5 World Trade Center, the last WTC site. Today, Governor Cuomo released a Request for Proposals, which allows for either commercial or mixed-use proposals for a 900-foot-tall building. Any proposals putting forth a residential component must include “onsite affordable units that comply with New York City’s Mandatory Inclusionary Housing program,” according to a press release. — 6sqft

Two state agencies that had been embroiled in a yearslong impasse over how to develop the last site at the World Trade Center appear to have resolved their differences and are planning to bring the parcel to market.

The Port Authority and the Lower Manhattan Development Corp. have reached a deal to release a request for proposals in the coming months for 5 World Trade Center — Crain's New York

After 9/11, the U.S. Department of Housing and Urban Development gave $3 billion in grants to the Lower Manhattan Development Corp. to redevelop lower Manhattan. A portion of what remains is the $100 million that was to go towards the Performing Arts Center, but those involved in the project worry that disputes between LMDC and the Port Authority, who controls the land on which the Center will be built, are giving the impression that the work to revitalize the area is complete. — 6sqft