World Trade Center Reconstruction Post 9/11 Lindsay Coleman, Erik Hanselman, Zorica Milovanovic & Sean Soss.

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Presentation transcript:

World Trade Center Reconstruction Post 9/11 Lindsay Coleman, Erik Hanselman, Zorica Milovanovic & Sean Soss

Post 9/11 Statistics Total number of people killed: 2,819 Tons of debris removed: 1,506,124 Estimated cost of clean-up: $600 million Economic loss to New York: $105 billion

9/11

Larry Silverstein Won a bid in 1980 to construct 7 World Trade Center. July 2001 o 99-year lease of the World Trade Center from the Port Authority of New York and New Jersey. o Negotiated with 24 insurance companies for maximum coverage.

Insurance Payments Insurance companies insisted that it was a single event. o Jury ruling o Settlement "The two hijacked airliners that struck the 110-story twin towers Sept. 11 were separate 'occurrences' for insurance purposes, entitling him to collect twice on $3.6 billion of policies." - Spokesperson for Larry Silverstein

The Players Volunteers, Families, and Victims of 9/11 Governor George Pataki Mayor Rudy Giuliani The Lower Manhattan Development Corps Mayor Michael Bloomberg Governor David Paterson The NY State Port Authority

Volunteers, Families, and Victims 2010, still problems with memorial Fireman Glenn Corbett raises concerns: o Prohibition of inclusion of rank designation o Lack of consultation of families o Victim portrayal vs. terrorist portrayal o One flag Although a memorial has been included, most of the space will be devoted to offices.

Governor George Pataki New York State's 53rd Governor Took office January 1st, 1995 Left office December 31st, 2006 Long history in politics o Held first public office in 1981

Pataki on Reconstruction... International Freedom Center o Proposed in 2004 o Adjacent to Ground Zero, a "cultural center" o Supported by George Soros, Anthony Romero (ACLU) o In 2005, Pataki was opposed to the idea of this museum o "too much opposition, too much controversy St. Nicolas's Church o Supported by Pataki from 2001 o August 2010 press conference

Mayor Rudy Giuliani Mayor of New York City from 1994 to 2001 Received much attention for his leadership following the attacks Received honorary knightship

Giuliani on Reconstruction... In 2002, expressed disapproval for all proposals o Plans focused on office development o Giuliani wanted more attention towards a memorial "Tomorrow New York is going to be here. And we're going to rebuild, and we're going to be stronger than we were before... I want the people of New York to be an example to the rest of the country, and the rest of the world, that terrorism can't stop us."

The Lower Manhattan Development Corporation Joint effort between Giuliani and Pataki "committed to an open, inclusive, and transparent planning process" Unveiled seven plans for redevelopment

Mayor Michael Bloomberg Succeeded Giulilani in 2001 until 2005 In 2008, expressed disapproval of the LMDC o Moving too slow o Grabs for power o Too many levels of bureaucracy

Governor David Paterson 55th Governor of New York State Served 2008 to 2010 Heavily criticized for omitting reconstruction in his "State of the State" address

The Port Authority of New York and New Jersey In 1916, New Jersey files lawsuit against New York Harbor Development Commission of 1917 The Port Authority is established in 1921

Its Role Runs most regional transportation infrastructure with the Port of New York and New Jersey

Its Make Up Headed by the governors of New York and New Jersey Six appointed commission members Appointed Executive Director Port Authority has no power to tax and does not receive tax money

Revenue

Original Construction David Rockefeller needed public funding Port Authority becomes the overseer of the construction of the World Trade Center

Port Authority Real Estate

The September 11 th attacks Port Authority’s headquarters was located in One World Trade Center Employees were among the causalities

World Trade Center Budget

WTC Current Budget and Time Table Completion Dates: Target Date: Probable Date: Budget Estimate: Transportation Hub: 4Q Q 2014 $3.2 Billion Memorial Interim Plaza: 4Q Q 2011 Complete Plaza: 3Q Q 2011 Museum Completion: 1Q Q 2013 Freedom Tower: 2Q Q 2013 $3.1 Billion Greenwich Street: 2Q Q 2012 $281 Million Vehicle Security Center: 1Q Q 2012 $633 Million

A Major Transit Hub PATH service resume in November 2003 $3.2 billion World Trade Center Transportation Hub project

Safety in Mind $6 billion spent on various security measures since the terrorist attacks on September 11, 2001

Silverstein vs. Port Authority Silverstein requests more financing from Port Authority Panel of arbitrators rules against Silverstein Port Authority and Silverstein reach agreement

One World Trade Center 1 (Freedom Tower), 2, 3, 4, and 5 World Trade Center 7 World Trade Center National September 11 Memorial & Museum Transportation Hub

The 2005 Redesign NYPD security standards Set back 90 ft from street 65 ft from original location Tower will no longer twist 20% slimmer New tower: solid base & centered spire

The Old & New Plans

National September 11 Memorial & Museum Budget: $ 530 million Expected completion: September 11, 2011

Criticism/Concerns of "Reflecting Absence" Cost most expensive memorial to date ( $500 million) $40 million for yearly upkeep Structure memorial originally below ground level Names FDNY & NYPD want names of officers to appear separate "There's just not an unlimited amount of money that we can spend on a memorial." -Michael Bloomberg

QUESTIONS 1.Do you believe that the jury was correct in stating that the 9/11 events were two occurrences as opposed to a single one (for insurance purposes)? 2.Given that 25% of the Port Authority annual budget is allotted toward rebuilding the World Trade Center Site, how important is it that the Port Authority completes construction by the expected date? 3.How do you think the major players (those involved in rebuilding efforts) could have better accommodated the victim's families to memorialize the World Trade Centers? 4.The One World Trade Center was redesigned for safety reasons. With the massive Transit Hub and the Sept. 11 Memorial and Museum located nearby, likely to attract hundreds of thousands of people to that location, is the redesign even relevant?