Comments on: The economics of One World Trade Center http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Beeeeeed http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/comment-page-1/#comment-18702 Thu, 23 Sep 2010 00:04:21 +0000 http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/#comment-18702 24 minutes ago Freedom tower is much better than twin towers,because there are four towers

,also Freedom tower is taller than twin towers.People should be excited.

WE LOVE FREEDOM TOWER AND NEW WORLD TRADE CENTER

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By: adamt78 http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/comment-page-1/#comment-18535 Mon, 20 Sep 2010 16:11:33 +0000 http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/#comment-18535 They should build the exact replica of the buildings that fell though. Then all of the new employees can have an eerie pretend to their lives in suits like they’re really sticking it to the losers who couldn’t fly straight (or sober).

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By: Dammers http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/comment-page-1/#comment-18518 Mon, 20 Sep 2010 07:19:37 +0000 http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/#comment-18518 Discover the time line pictures from the Twin Towers till the Freedom Tower or One World Trade Center at http://www.fdammersfineart.com/ccms.1944 .2.1.html
by Frank Dammers

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By: MLDonovan http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/comment-page-1/#comment-18510 Sun, 19 Sep 2010 20:55:07 +0000 http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/#comment-18510 As Mr. Salmon points out, the issue is very complicated, but what made it all the more so is the bad faith of the government officials at state, national, and local levels who colluded to keep a far more appropriate and cost effective plan from consideration, when it would have saved billions of dollars and years of time.

Mr. Nocera’s piece was published two years to the day that we sat in Mr. Ward’s office, while Kenneth Gardner, the structural engineer who designed “Twin Towers II” explained to Mr. Ward the elegant logic of his mixed-use Twin Towers – how we could still restore the skyline’s authentic profile, while honoring the expressed will of the American people who are paying for it in every sense of the word.

He chose instead to use his publicly-paid position to put a sickly project on steroids, while willfully deceiving the public about the options for this publicly-owned and publicly-funded property. That is not idle talk. For instance, he said on national television in January of 2009 that $4 billion had been spent, but in December of 2009 an Arbitration Panel decision found that “the PA has invested or committed over $2.3 billion to redevelopment of the WTC site.” And of course, much of it had to be done regardless of the plan.

We cannot trust the Port Authority’s creative math. We can no longer save the billions, but we can still save the years it will take to fully build the dispiriting plan and while what we could have saved will be eaten up by the transition, at least we will have something worth having in the end. Also, when arriving at cost/benefit projections it is important to figure in the stagger difference in the projected profits that officials are kissing off by saddling us with such an uninspiring development.

But the greatest cost is to the spirit of the country as we explored last week on our website in “A War of Symbols.” Symbols mean what they mean, not what we say they mean. Walk into any city cemetery and you will see dozens of Freedom Towers. That’s not a matter of opinion. Obelisks are funereal and the last place our country should be building one is at Ground Zero.

We aren’t taking issue with the extravagant, morbid memorial, with the awful white noise of 56,000 gallons of water a minute mimicking the sound of the collapsing towers, or on the imagery of the giant drains. Because we want to keep the prospects focused. We can open the memorial on 2011 and raise the Twin Towers that will give it resonance and transcendence beside that memorial by 2014.

Most Americans – 92% in a national MSNBC poll last year – would not agree with the opinion that 1 WTC “might never be as iconic as [the Twin Towers] were, but it will still be an instant landmark, and a vast improvement on the gaping hole that we’ve been living with these past nine years.

State and local officials have forfeited their right to control this national treasure. The Twin Towers Alliance will soon formally petition the White House and Congress to give the World Trade Center a General Motors-style chance to come back to life. Then we can get 25,000 people working on capping the tower that is shaped like a tombstone, tearing out the beginnings of 4WTC – if the Yankees, Mets, and Giants can do it, so can we, when it matters so much to our confidence and standing – and get busy building the fully designed “Twin Towers II” in place of towers 2, 3, and 4.

The Twin Towers would be open within three years, topped by some of the most spectacular residential space in the world. The two states would have the benefit of the purchase price at a time when they are swimming in red ink. They would be relieved of the burden of developing the site, but would still be prime beneficiaries of its success. And the government would be paid back as soon as people across the country and around the world are given the opportunity to own shares in the real World Trade Center.

This is not a full-blown presentation, but the numbers work. The more closely one looks, the more impressive it gets. So we are not pinning our hopes on finding politicians who will show political courage, but merely on finding those who will recognize they have a duty to look into the numbers.

It is one thing to analyze the current project in a vacuum. It is completely another thing to put the two projects side by side. If they could have discredited “Twin Towers II” they would have done so a long time ago. So they decided to try to bury it instead. But as much as officials wish it were, It is not too late to do the right thing.

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/comment-page-1/#comment-18509 Sun, 19 Sep 2010 19:20:37 +0000 http://blogs.reuters.com/felix-salmon/2010/09/19/the-economics-of-one-world-trade-center/#comment-18509 Are we looking for an above-zero return on the $1 billion of equity?

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