^ Again, keep it on topic....
http://www.tribecatrib.com/news/2009/oct...ssumes-silverstein-towers-wont-rise.html
Port Authority’s ‘Plan B’ Assumes Silverstein Towers Won't Rise
By Matt Dunning
As the Port Authority-Larry Silverstein quarrel over construction funding continues to slog its way through arbitration, Port Authority officials are preparing for the day when Silverstein could give up on his three planned office towers at the World Trade Center site.
The agency’s Board of Directors voted earlier this month to spend $20 million on a “Plan B” design for the site’s eastern half, one that assumes Silverstein’s Towers 2 and 3 are never constructed. Those towers, on hold because Silverstein has not been able to secure financing, were to house most of the mechanical, electrical and plumbing components for the Port Authority’s transportation hub.
Plan B will redistribute the utilities for the transit hub, as well as alter some of the underground construction that had been planned for the eastern part of the site, an agency official said. If Silverstein were to back out without the plan in place, the Port Authority’s recent progress at the site could come to a dead halt.
The new plan would not alter any of the “signature elements” of the Santiago Calatrava-designed train station, One World Trade Center or any of the Authority’s other projects on the site.
“We gave the public a roadmap on how we would get the site’s public projects on track and asked them to hold us accountable,” Port Authority executive director Christopher Ward said in a statement. “We take that responsibility very seriously and are continuing to take the necessary steps to ensure that our projects move forward.”
A spokesman for Silverstein declined to comment on the Authority’s plan.
Silverstein and the Port Authority are battling, through arbitration, over development rights and allegedly blown deadlines. Silverstein has claimed that he believes the Authority’s late turnover of the sites for the towers—by more than a year—cost him the opportunity to secure loans to build his towers before the country’s credit market caved in.
The Authority, meanwhile, has argued that low demand for commercial space in Lower Manhattan is the true reason Silverstein has not been able to finance the towers’ construction.
The independent panel mediating the squabble is expected to make its decision by the end of the year.