progress report

Elizabeth Berger, president of the Downtown Alliance says that the report is "a welcome new road map for rebuilding the WTC site." She explains that the agency has taken a practical approach and after several months of analysis, "have proposed what they believe is an achievable timetable, starting with the Memorial but including many key project elements."

[IMGCAP(2)]The report set a new timetable for completion of One World Trade Center, the Freedom Tower and the site's entire public infrastructure. One World Trade Center, the Freedom Tower, is scheduled for completion between the second and fourth quarters of 2013, at a cost of $3.1 billion. The World Trade Center Memorial Plaza, including the inscribed names of the victims from the attacks on 9/11, and Feb. 26, 1993, is scheduled for completion by Sept. 11, 2011. Some street-level landscaping will be completed later. The underground museum portion of the project will be completed between the first and second quarters of 2013. The WTC Transportation Hub will be completed between the fourth quarter of 2013 and the second quarter of 2014, at a cost of $3.2 billion. A new Greenwich Street--the front door to Towers 2, 3 and 4, and a key access point to the Memorial--will be completed between the second and fourth quarters of 2012, years before the Port Authority anticipated. The Vehicle Security Center, which will serve as the underground access point for the commercial development on the site, will be completed between the first and third quarters of 2012, at a cost of $633 million.

[IMGCAP(3)]Berger notes that it is essential that this new timetable be maintained. "Lower Manhattan has proved time and again that if necessity is the mother of invention, adversity is the father," she says. "Rebuilding the WTC site must advance Lower Manhattan as a global model for a 21st century central business district, a bustling and open commercial center with superior transportation, retail and cultural amenities. Lower Manhattan deserves and requires no less."

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.