The Freedom Tower

A Progress Report

by Lionel Bascom — May 19th, 2007 — 1 comment

The work at Ground Zero is progressing. There are at least 500 people working on the reconstruction of the once barren World Trade Center. There are many deals being worked on simultaneously but new ones are on the horizon.
JP Morgan Chase is working on a deal to build a headquarters at the job site with trading floors overlooking Liberty Street at the site of Tower 5. It will cantilever over Liberty Street but will not cast a shadow on a small park that is planned for the southwest corner of the property.
The memorial museum is being worked on too but only part of the memorial plaza will open in the fall of 2009. The entire museum was expected to be completed by then but that isn’t likely now. It may be two years before that happens.
The Port Authority owns the property and officials say they have not yet decided when the plaza area will be open or just how big the plaza will be. There is still a problem over where the many tour buses that will be attracted to the area will park during the first two years when crowds are expected to balloon to more than seven million people annually.
There are plans for an underground garage near Tower 5 but that construction can not begin until the Deutsche Building at the site is finished by the end of this year.

9:29 PM in Uncategorized, World Trade Center, Ground Zero, Related Stories, Freedom Tower News

One response

  1. The positive steps toward progress at the World Trade Center will no doubt contain a few snags with logistics. However, those involved with the creative restructuring of this area have the unique opportunity to elucidate for the world the beauty of seeing a vision through to fruition. Ultimately, the heartrending tasks of rebuilding will evolve into a beautiful exchange of innovative ideas, moving the consciousness of each visitor to a state of intellectual empathy. In the words of Oliver Wendell Holmes, “The great thing in the world is not so much where we stand, as in what direction we are moving.”

    Jeanne · May 19th, 2007 at 10:21 pm

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