Governor David Paterson and Mayor Michael Bloomberg may direct tens of millions of dollars in unused incentives to World Trade Center site developer Larry Silverstein, who held the lease on the Twin Towers when they collapsed and who holds the rights to build three large office buildings on the site. The Wall Street Journal reports that the funds would be directed towards the office space being erected at the former site of the Towers.
Silverstein has already been the recipient of a string of financial incentives. Reports indicate that Silverstein has received public subsidies via low-cost financing and direct aid to the tune of $1.2 billion dollars.
What do you think about building office space at the former site of the Twin Towers?
The Battery Park City Authority board is getting some fresh blood. Gov. David Paterson has appointed community leader Anthony Notaro to the seven-member board that manages BPC’s 92 acres and its $29 million annual budget.
Because Notaro is a longtime resident with deep ties to Battery Park City — he helped found the Certified Emergency Response Team, is president of the First Precinct Community Council AND is a Community Board 1 member — his presence on the board will give BPC residents a stronger say in decisions that affect their neighborhood.
In a statement to the press, State Sen. Daniel Squadron, who championed Notaro for the role, said: “The Battery Park City community has advocated for years to add more residents to the BPCA board. Anthony will bring an important perspective to help the board better understand the particular needs and concerns of Battery Park City residents.”
Now let’s just hope Mayor Bloomberg doesn’t dissolve the Authority altogether, and everything will be just peachy.