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Downtown Express photos by Milo Hess
 Stormy waters up to Albany
Gov. David Paterson, inset, blessed the fleet Friday as it left Battery Park Friday in the pouring rain for an eight-day trip up the Hudson River in honor of the river’s namesake, Henry Hudson, who first landed in Lower Manhattan400 years ago. In hindsight, the stormy waters appeared to be a precursor of what was to come in Albany. OnMonday, State Senate Republicans appeared to have secured control of the body as Democrats tried to lock themout. The dispute remained unresolved Wednesday as Paterson called for a compromise.
BY JULIE SHAPIRO
In the battle betweenoffice towers and retailpodiums at the World TradeCenter site, office towersappear to be winning.Negotiations over whatto build and how to pay forit have been going on for thepast three weeks, and thenext meeting of top W.T.C.site stakeholders is sched-uled for Thurs., June 11.Going into that meeting,the consensus among thestakeholders appears to beshifting toward developerSilverstein Properties’ goalof building as many officetowers as possible withthe Port Authority’s help,Assembly Speaker SheldonSilver told DowntownExpress last week.“That’s the purpose,”Silver said in an interviewwith editors and reporterslast Friday. “Build more, andbuild more now. That is ourpurpose.”Silverstein cannot buildhis Church St. office towerson his own because he can-not get construction financ-ing. The Port has agreedto help with Tower 4 butrefused to backstop much of the financing for Tower 2,saying Silverstein can build itwhen the economy improves
BY JULIE SHAPIRO
The city will not beginreconstructing ChathamSquare this summer, afterthe unpopular plan drewmonths of criticism fromthe community and electedofficials.The city insisted thisweek that the delay doesnot mean the $50 millionproject is shelved, but offi-cials would not say when thework would start. SeveralDowntown politicians andcommunity leaders saidthat the project is unlikelyto move forward anytimesoon.“I don’t think they’regoing to do anything any-more,” said Justin Yu,chairperson of the ChineseConsolidated BenevolentAssociation. Yu met withD.O.T. CommissionerJanette Sadik-Khan andother high-level D.O.T.staff last week to discussthe Chatham Square plan.
W.T.C. talks focuson towers & money,not podiumsChinatown happyas traffic plan isstalled for now
BY LINCOLN ANDERSON
Concern is brewing over Pier 40once more, after the Hudson RiverPark Trust passed a resolution to askthe State Legislature to extend thelease term for the huge W. Houston St.pier from 30 years to 50 years.Opponents of The RelatedCompanies’ failed Cirque du Soleil/Tribeca Film Festival plan for theHouston St. pier fear that with a leasechange, the “Las Vegas on the Hudson”scheme could rear its glitzy, high-impacthead again.In the past five and a half years,two efforts by the Trust to find privatedevelopers to repair and revamp the14-acre Pier 40 have sunk. As part of the second effort, which capsized lastyear, The Related Companies pro-posed its Cirque du Soleil-centeredplan that would have drawn mil-lions of people to the pier annually.But Related couldn’t make its plan’sfinancials work within the 30-year
Trust wants to pick piertenants twice a century
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 VOLUME 22, NUMBER 5 THE NEWSPAPER OF LOWER MANHATTAN
JUNE 12 - 18, 2009
ARCHBISHOP DOWNTOWN, P. 15
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