In fairness, the cleanup and demolition was a daunting project, especially for a government entity with no construction experience. Products | A/C | Batteries | Brakes | Electrical | Chassis Suspension The rebirth of the two sitesthose that once housed the World Trade Center and the Deutsche Bank building represent just the latest reinvention of one of Manhattans longest-settled areas. By then it will have cost taxpayers at least $164 million, and probably more. Full Service, brick and mortar office. "Truth is not measured in mass appeal." Other city and state regulators Sure enough, in February 2004, Mitchell announced a deal. That made it natural to consider expanding the redevelopment site to include the Deutsche Bank space. law requires, for more than a year. ", Soon after (on the heels of yet another accident), Galt was fired. criminal defense attorneys during the prosecutor's investigation, It was one of four construction managers that oversaw the speedy dismantling of the colossal pile of debris. As a Bovis executive wrote in Galt's termination letter, "this has been a difficult project due to inordinate regulatory interference", It fell to Schick, who is not noted for his diplomatic finesse, to satisfy the new concern with fire safety while still placating the environmental and other regulators. Deutsche Bank and its insurers receded from the stage in the summer of 2004, but they left one final delay behind: The insurers agreed to cover their share of costs only if the charges stemmed from legally mandated procedures to remove 9/11 contaminants. Bovis was no stranger to Ground Zero. The building, at 130 Liberty Street, stands just south of where the twin towers once loomed, and intensive work began there last month to prepare for its demolition. The towers fell so violently that the nearest seismographs, 21 miles north of the site, registered earthquakes of 2.1 and 2.3 on the Richter scale, respectively. Mr. Gallagher of the development corporation, whose board of directors are appointed by the governor and the mayor, said that the agency was taking great care in the demolition. When Deutsche Bank bought Bankers Trust for $9 billion in 1999, it acquired this very sensible structure in the bargain. Because of the stringent decontamination procedures (or perhaps because Galt had submitted an artificially low bid to win the job), Galt had to deploy many more workers than it had anticipated. Perhaps this how B7 would have been taken down, had it not been demolished on 9/11/01. World Trade Center area redevelopment after 9 Certainly the local real estate prices would not have seen the awesome (additional) bubble action of the last few years, and NYC partly drives the nation in that regard. Why are there now lawsuits? Some leading construction executives in the city say they have never even heard of it." ", Joel Kupferman, who heads the New York Environmental Law and Justice Project and was serving as environmental counsel to New York's firefighters union, also warned of danger, particularly to the firefighters in the Engine 10/Ladder 10 firehouse across the street from the building. Over a year ago we had said that the leadership of the fire department had failed," Steve Cassidy said. Under the Deutsche Bank building, for example, resides a lot of not-quite-buried history.
