New York Times
"We don't think it's over yet," Assembly Speaker Sheldon Silver told the Times. "I believe they're willing to keep at least 700 [employees] Downtown. We're trying for more." Silver's Assembly district includes Lower Manhattan, where the DTCC is headquartered at 55 Water St., Manhattan's largest office building at 3.8 million square feet.
New Jersey officials had offered the DTCC a package of incentives worth well over $70 million, along with the promise of lower costs to rent space on the western side of the Hudson. The back-and-forth wooing of DTCC by officials including New Jersey Gov. Jon Corzine has gone on since the beginning of the year, the Times says.
Calls to the DTCC for comment on the Times report were not returned by deadline. To read the complete article, click here
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
