FOR IMMEDIATE RELEASE
July 6, 2009
STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON DEVELOPMENTS AT WORLD TRADE CENTER SITE
"After the negotiations between the Port Authority and Silverstein broke down, we brought the parties back to the table to avoid a stalemate. Unfortunately, not everyone worked as hard as necessary to find a solution. No one disputes that the Port Authority is engaged in many projects important to our region, but pitting those projects against the development of the World Trade Center site creates a false choice. The reality is the Port Authority owns and controls and is financially tied to 16 acres in Lower Manhattan, the development of which this City and the entire nation demand move forward. The Port can certainly proceed with other projects without abandoning its obligations downtown. Larry Silverstein, of course, also has major responsibilities at the site, and we remain optimistic that his willingness to compromise can still allow for a deal to be reached. We are one step closer to stalemate today, but a solution does exist - and we will not stop working until we get there."
Stu Loeser /Andrew Brent (212) 788-2958