Search
 

Experts Iron-Out WTC Funding Complexities

NEW YORK CITY-While much has been said regarding the designs for rebuilding downtown, little has been explained about the funding. At a Bond Market Association event held last week, experts broke down some of the financial hurdles including Liberty Bonds and insurance proceeds.

By Diana M. Rodriguez | Updated on March 28, 2003

NEW YORK CITY-With a $10-billion Lower Manhattan “Vision” proposed by Mayor Bloomberg and a multi-billion-dollar redevelopment of the World Trade Center site on the horizon, one question springs to mind–how is NYC going to pay for all this?

The answer: just about any way it can.

During a presentation by the Bond Market Association and the Municipal Forum of New York late last week, representatives from the Lower Manhattan Development Corp., the Mayor’s office, the NYC Economic Development Corp. and banks like Lehman Brothers and JP Morgan, each offered updates and opinions as to what projects are getting funded and how the money will be doled out.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.