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FOR IMMEDIATE RELEASE
PR- 206-09
May 8, 2009

STATEMENT BY MAYOR MICHAEL R. BLOOMBERG ON SPEAKER SILVER'S PROPOSAL TO BREAK THE IMPASSE AT GROUND ZERO ANNOUNCED AT THE DOWNTOWN LOWER MANHATTAN ASSOCIATION BREAKFAST

"Neither Speaker Silver nor I have ever been shy about speaking up when we thought the other was on the wrong track about something, but the same is true when we think the other is right.  Speaker Silver was right this morning when he said development of the World Trade Center site must go forward uninterrupted. Any stalemate would severely jeopardize the progress we've made revitalizing all of Lower Manhattan and is not an acceptable option.

"The challenges are well-known. The World Trade Center site is probably the most complex real estate project underway anywhere in the world. Meanwhile, a downturn in the national economy may increase the temptation to think in the short-term and curtail development plans, especially for major long-term projects. But this is precisely the time we need to reaffirm our commitments to the future of our City, and no development is more important than the World Trade Center site. Now more than ever, we - the public and private sectors both - have to come together to maintain our resolve and get it done.

"We've overcome similar challenges before. After 9/11, many people wrote off Lower Manhattan, but, with the public and private sectors working together, it came back better than ever. In 2006, when the agreement to redevelop the World Trade Center site reached a stalemate between the Port Authority and Silverstein Properties, we brought together the Governors of New York and New Jersey and the developer and the parties reached an agreement that paved the way for development to move forward.

"That type of commitment is needed once again.  So, in the spirit of Speaker Silver's remarks this morning, I am inviting both governors, Speaker Silver, the Port, and Silverstein Properties to meet at Gracie Mansion next week to find a way to align incentives and keep progress moving at Ground Zero."







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Stu Loeser / Marc La Vorgna   (212) 788-2958




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