Alliance for Downtown New York Issues Statement On Funding of 2 World Trade Center

Jessica Lappin, President of the Alliance for Downtown New York, said: 

“As a result of strong partnerships and support in Lower Manhattan, the redevelopment of the World Trade Center is one of the largest complex projects in this region; we thank every man and woman who works around the clock to rebuild this historic site.

“The Alliance for Downtown New York recently published a report on the resurgence of Lower Manhattan’s economy and its power as generator of jobs and tax revenues for the entire region.  From the relocations of major media companies to a robust community of startups, extraordinary positive changes are taking place in Lower Manhattan. Now is not the time to let up. We can’t count on growth without continued and committed partnership from public sector.

“The completion of 2 WTC on the 16-acre site brings us one step closer to finishing what we started years ago and will spur further local and regional development. The Port Authority also tells us that they expect to gain at least $500 million in capital capacity for future transportation projects as a result of the Tower 2 project at the World Trade Center. Investments by the public sector to realize that potential are wise ones. “