Higher costs, delays plague WTC rebuilding

09/11/2009 | Washington Post, The

Cost overruns, numerous delays, design changes and planning disputes have stalled plans to rebuild at the former World Trade Center site in Manhattan for the past eight years. Some observers question whether New York needs additional office space as it struggles to recover from the economic downturn. Meanwhile, developer Larry Silverstein and the Port Authority of New York and New Jersey are still at odds over financing for two towers planned for the site. Some officials blame agencies responsible for overseeing the project for failing to manage it in a responsible way.

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