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  #1001  
Old Posted Aug 19, 2010, 10:19 PM
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^ You literally took the words right out of my mouth.
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  #1002  
Old Posted Aug 23, 2010, 5:43 PM
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AUGUST 21, 2010

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  #1003  
Old Posted Aug 23, 2010, 5:50 PM
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is the speed going to pick up on this the way it did with WTC1 when the base was completed?
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  #1004  
Old Posted Aug 23, 2010, 6:08 PM
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Quote:
Originally Posted by SkyscrapersOfNewYork View Post
is the speed going to pick up on this the way it did with WTC1 when the base was completed?
It looks like the top is picking up. At least it does to me
     
     
  #1005  
Old Posted Aug 23, 2010, 6:18 PM
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Quote:
Originally Posted by SkyscrapersOfNewYork View Post
is the speed going to pick up on this the way it did with WTC1 when the base was completed?
The speed will begin to pick up, but also remember that Larry Silverstein has not finalized his deal with the Port Authority (which was supposed to be done this month). All of the sublevel work is done, so they haven't really been pushing things.
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  #1006  
Old Posted Aug 23, 2010, 9:41 PM
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Just a question I had, are they going to encase the columns in concrete all the way up to the top like they did in the base? Because if it does that seems like it has a potential to slow things down a lot.
     
     
  #1007  
Old Posted Aug 23, 2010, 10:06 PM
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As 1WTC used to be this tower is showing very slow progress, I guess once they're done with the base they'll step up the pace too
     
     
  #1008  
Old Posted Aug 25, 2010, 12:48 PM
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  #1009  
Old Posted Aug 26, 2010, 6:42 AM
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Quote:
Originally Posted by NYguy View Post
So many things going on, pretty crazy. Must be a headache to look over the project
     
     
  #1010  
Old Posted Aug 26, 2010, 2:10 PM
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^ There is a lot going on there...


This tower can now proceed to it's full height...

http://www.nydailynews.com/ny_local/...truction_.html
Larry Silverstein to get $1.6 billion of much-needed financing for WTC construction

By Doug Feiden
August 25th 2010

Quote:
A breakthrough $1.6 billion financing deal that will help pay for two gargantuan office towers on the Church St. side of Ground Zero is expected to win approval from the Port Authority board Thursday, insiders say.

The pact between the PA and developer Larry Silverstein could finally end years of bitter, budget-busting battles that slowed construction and jacked up costs for rebuilding the World Trade Center site.

First announced in March and hammered out over the past five months, the plan would provide $1 billion in public financing and subsidies for Silverstein's Tower 4, a 64-story, 975-foot skyscraper set to open in 2013.

If he meets certain conditions, the builder can draw on another $600 million in financing for Tower 3, a 71-story, 1,137-foot colossus that would be taller than the Chrysler Building, officials say.

The bar for that extra cash is steep: Silverstein, who has invested little of his own money, must first kick in $300 million and ink lease deals for 400,000 square feet of space - or nearly 20% of the building.

Meanwhile, a third planned behemoth, Tower 2, a 79-story, 1,270-foot icon at Vesey St. that would have been higher than the Empire State Building, would be shelved indefinitely.

Planners don't want to leave another gaping hole in the ground, so they'll complete Tower 2's foundation and infrastructure so that construction can eventually take place - if and when market conditions recover, people close to the project say.
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  #1011  
Old Posted Aug 26, 2010, 3:53 PM
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Exclamation Port Authority Expected To Ratify WTC Construction Plan

Quote:
Port Authority Expected To Ratify WTC Construction Plan


http://www.ny1.com/content/top_stori...struction-plan

A plan for further construction at the World Trade Center site could go forward today.

The Port Authority's board of commissioners is expected to approve a plan today giving developer Larry Silverstein up to $1.6 billion in public money to build two office towers.

The plan, tentatively agreed to several months ago, calls for the Port Authority to provide about a billion dollars in financing for a tower already under construction.

If Silverstein is able to raise at least $300 million for the second tower and sign leases with tenants, another $600 million in subsidies would come his way.

Potential plans for a third tower are on hold until market conditions improve.

A deal would put an end to years of dispute over the future of the site, which has led to extensive delays and higher construction costs.
Source: NY1, New York 1
     
     
  #1012  
Old Posted Aug 26, 2010, 5:45 PM
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Exclamation Port Authority Approves WTC Construction Plan

Port Authority Approves WTC Construction Plan

http://www.ny1.com/content/top_stori...struction-plan

The Board of Commissioners at the Port Authority has ratified a plan today that gives developer Larry Silverstein up to $1.6 billion in public money to build two office towers at the World Trade Center site.

The plan, tentatively agreed to in March, calls for the Port Authority to provide about a billion dollars in financing for a tower already under construction.

If Silverstein is able to raise at least $300 million for the second tower and sign leases with tenants, another $600 million in subsidies would come his way.

Potential plans for a third tower are on hold until market conditions improve.

"It provides for the immediate restoration of the east side of the site while phasing in the office development as follows -- completion of Tower Four by 2013, Tower Three built to at least podium level and the Tower Two site built to grade, and a cash trap to ensure that the public gets paid back before cash flows to Silverstein Properties," said Philippe Visser of Port Authority.

The "cash trap" allows public investors to be paid back before Silverstein profits from the development.

"The three things that were critical to this deal were obviously that we needed to protect public resources. We had to bring market reality to downtown, but most importantly we had to make sure that the public resources that were invested were not invested in such a way that would benefit our private partner, Larry Silverstein," said Port Authority Executive Director Christopher Ward. "The cash trap is for the purposes for ensuring that."

In a statement, Silverstein called the deal "fantastic news for New York," and expressed "deep appreciation" to the mayor, the governors of New York and New Jersey, the state assembly speaker and the Port Authority.

This deal puts an end to years of dispute over the future of the site, which has led to extensive delays and higher construction costs.


Source: NY1, New York 1 Media
     
     
  #1013  
Old Posted Aug 28, 2010, 5:58 AM
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Video from wtc.com

Video Link
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  #1014  
Old Posted Aug 28, 2010, 7:57 PM
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August 27th, 2010






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  #1015  
Old Posted Aug 29, 2010, 6:33 AM
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Something to tower over...

AUGUST 28, 2010










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  #1016  
Old Posted Aug 31, 2010, 1:38 PM
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http://www.nypost.com/p/news/busines...6pAbsiTsX8aSoO

By STEVE CUOZZO
August 31, 2010


Quote:
At last, Larry Silverstein and the Port Authority have a deal regarding the financing of Silverstein's 4 World Trade Center, the first of three towers he's to build at Ground Zero. Now what?

Expect to see the rise of a steel infrastructure that looks like an office building on a fast track before the end of the year.

With the PA's 1 WTC already up to 350 feet, the long dormant pit at last shows signs of restoring at least half of the great commercial core destroyed on 9/11.

The deal calls for the PA to provide "backstop" financing (loan guarantee) for 4 WTC, which is funded by $1.36 billion of Liberty bonds and $450 million of insurance proceeds. The 2-million-square-foot tower will rise to 64 stories and 975 feet.

Structural steel has risen to a mere four floors above ground and below-grade lobby and retail areas are complete.

Perimeter steel should rise to the seventh floor -- the first office floor -- by Oct. 30. Then, structural steel is to begin fast-track construction through topping out in spring 2012. The steel should rise at about one floor per week and should reach the 45th floor by Sept. 11, 2011.

The curtain wall devised by architect Fumihiko Maki will begin appearing in winter 2012, and the tower should open in fall 2013.


The PA and the city have pre-leased a combined 1.2 million feet of 4 WTC, but 800,000 feet remain available to commercial tenants.
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  #1017  
Old Posted Aug 31, 2010, 2:28 PM
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that means 16th floor by year's end ?
     
     
  #1018  
Old Posted Aug 31, 2010, 7:06 PM
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Doesn't necessarily mean they'll start office floors once they reach the first one. If they reach floor 14 by the end of this year then they will top out next year December. If they plan to reach floor 45 by next year's anniversary then no.

Cladding after the building has topped out and the cranes and equipment are gone. No need for call back work then.
     
     
  #1019  
Old Posted Aug 31, 2010, 7:42 PM
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this tower's schedule never fails to come up short and disappoint me...
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  #1020  
Old Posted Sep 1, 2010, 2:10 AM
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this is going to be one ugly 975 foot chunk of steel for nine months until the cladding starts.......
     
     
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