Deputy Mayor Reports Headway, But No Results
By: Doug CaverlyTuesday, June 16th, 2009 at 5:26 pm
We may soon reach the point at which these twice-weekly updates just consist of the short words “no” and “progress,” because unfortunately, yet another deadline has passed without Silverstein Properties and the Port Authority coming to an agreement.
As reported by Matt Dunning, Deputy Mayor Robert Lieber stated yesterday, “While our talks have made headway, we continue to work through the details to try to arrive at a consensus that all parties can support.”
Lieber then showed a little bit of impatience by continuing, “As the Mayor has stated quite emphatically, allowing development of the site to slip into stalemate and potentially lengthy litigation is unacceptable and is not in the best interest of any of the parties.”
At least one entity might benefit from the succession of delays. It turns out that Goldman Sachs is supposed to receive $321 million if the city and state don’t fulfill certain obligations by the end of this year.
Even that contractual obligation may become a very controversial thing, however, because the city and state could cite the fire at the former Deutsche Bank building as being an unforeseen (and unforeseeable) complication.
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