Photo courtesy of wtc.com
1010wins is reporting that new developments in the rebuilding of the former World Trade Center at Ground Zero put the project at a full completion date of about 2030 (plus or minus a few years). The developer, Larry Silverstein, apparently only has enough money in the bank to insure 2 of the towers.
The Freedom Tower and Silverstein’s three planned towers — designed by architects like Lord Norman Foster and Richard Rogers — are all expected to be among the city’s tallest towers.
But an analysis prepared for the Port Authority by the Cushman & Wakefield real estate brokerage projected that while two of Silverstein’s towers could be built by 2013, a third wouldn’t be built until 2030 and fully leased until 2036. A second tower that hasn’t been built yet wouldn’t be fully leased until 2025, the analysis said.
This is a major blow to the painful and slow rebuilding process that has taken place downtown since 9/11. And with the 10-year anniversary of 9/11 coming up very soon, it looks like nothing — not even the WTC Memorial — will be completed.