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Thursday, October 02, 2008

Delays, huge costs threaten ground zero rebuild

Ground zero expectations rewritten
Delay in transit hub announced; no firm completion date for site

Source: AP

NEW YORK - It's going to take longer — and cost a lot more than earlier estimated — to replace the office towers, transportation links and cultural spaces at the World Trade Center site.

The Port Authority of New York and New Jersey, in a report being released Thursday, is expected to delay a multibillion-dollar transit hub it is building until 2014 and stagger the schedules for four planned office towers to the needs of the commercial real estate market.

Responding to public pressure by the mayor and the governor, the agency that owns the 16-acre site is expected to prioritize the memorial to the Sept. 11, 2001 attacks and commit to opening the reflecting pools that mirror the twin towers' footprints by the 10th anniversary.....
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