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LMDC
The Lower Manhattan Development Corporation was formed in November 2001, following the September 11 attacks, to plan the reconstruction of Lower Manhattan and distribute nearly $10 billion in federal funds aimed at rebuilding downtown Manhattan. It is a subsidiary of the Empire State Development Corporation, which is a New York state public-benefit corporation. History The Lower Manhattan Development Corporation was formed in November 2001 by then-Governor George Pataki and then-Mayor Rudolph Giuliani. The LMDC is a joint State-City corporation governed by a 16-member Board of Directors, half appointed by the Governor of New York and half by the Mayor of New York. As a result, Pataki and Giuliani appointees dominate the LMDC. Its original chairman was John C. Whitehead, a former Deputy Secretary of State and head of Goldman Sachs. One of its first projects was the granting of more than $40 million for parks and green space. In February 2003, the LMDC chose Daniel Libeskin ...
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World Trade Center (2001–present)
The World Trade Center (WTC) is a mostly completed complex of buildings in the Lower Manhattan neighborhood of New York City, U.S., replacing the original seven buildings on the same site that were destroyed in the September 11 attacks. The site is being rebuilt with up to six new skyscrapers, four of which have been completed; a memorial and museum to those killed in the attacks; the elevated Liberty Park adjacent to the site, containing the St. Nicholas Greek Orthodox Church and the Vehicular Security Center; and a transportation hub.One, 3, 4, and 7 WTC, as well as the September 11 Memorial Museum, Liberty Park, Vehicle Security Center, and the Transportation Hub are complete. 2 and 5 WTC, as well as the Performing Arts Center, are under construction. The 94-story One World Trade Center, the tallest building in the Western Hemisphere, is the lead building for the new complex. The buildings are among many created by the World Trade Centers Association. The original World T ...
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World Trade Center Site
The World Trade Center site, often referred to as "Ground zero#World Trade Center, Ground Zero" or "the Pile" immediately after the September 11 attacks, is a 14.6-acre (5.9 ha) area in Lower Manhattan in New York City. The site is bounded by Vesey Street (Manhattan), Vesey Street to the north, the West Side Highway to the west, Liberty Street (Manhattan), Liberty Street to the south, and Church Street (Manhattan), Church Street to the east. The Port Authority of New York and New Jersey (PANYNJ) owns the site's land (except for 7 World Trade Center). The original World Trade Center (1973–2001), World Trade Center complex stood on the site until it was destroyed in the September 11 attacks. The Port Authority, Silverstein Properties, and the Lower Manhattan Development Corporation (LMDC) have overseen the reconstruction of the site as part of the World Trade Center (2001–present), new World Trade Center, following a master plan by Daniel Libeskind, Studio Daniel Libeski ...
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World Trade Center Site Memorial Competition
The World Trade Center Site Memorial Competition was an open, international memorial contest, initiated by the Lower Manhattan Development Corporation (LMDC) according to the specifications of the architect Daniel Libeskind, to design a memorial for the World Trade Center site (later renamed the National September 11 Memorial & Museum) at the under-construction World Trade Center in New York City. The competition began April 28, 2003 and the winner—Michael Arad and Peter Walker's '' Reflecting Absence''—was revealed January 14, 2004, in a press conference at Federal Hall National Memorial. The contest garnered 5,201 entries from 63 nations and 49 U.S. states, out of 13,683 registrants from all 50 U.S. states and 94 nations, making it the largest design competition in history. History On March 5, 2002, Governor George Pataki, Mayor Michael Bloomberg, and the Lower Manhattan Development Corporation (LMDC) jointly announced plans for an interim memorial to the victims of th ...
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World Trade Center Memorial
The National September 11 Memorial & Museum (also known as the 9/11 Memorial & Museum) is a memorial and museum in New York City commemorating the September 11 attacks of 2001, which killed 2,977 people, and the 1993 World Trade Center bombing, which killed six. The memorial is located at the World Trade Center site, the former location of the Twin Towers that were destroyed during the September 11 attacks. It is operated by a non-profit institution whose mission is to raise funds for, program, and operate the memorial and museum at the World Trade Center site. A memorial was planned in the immediate aftermath of the attacks and destruction of the World Trade Center for the victims and those involved in rescue and recovery operations. The winner of the World Trade Center Site Memorial Competition was Israeli-American architect Michael Arad of Handel Architects, a New York- and San Francisco-based firm. Arad worked with landscape-architecture firm Peter Walker and Partner ...
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National September 11 Memorial & Museum At The World Trade Center
The National September 11 Memorial & Museum (also known as the 9/11 Memorial & Museum) is a memorial and museum in New York City commemorating the September 11 attacks of 2001, which killed 2,977 people, and the 1993 World Trade Center bombing, which killed six. The memorial is located at the World Trade Center site, the former location of the Twin Towers that were destroyed during the September 11 attacks. It is operated by a non-profit institution whose mission is to raise funds for, program, and operate the memorial and museum at the World Trade Center site. A memorial was planned in the immediate aftermath of the attacks and destruction of the World Trade Center for the victims and those involved in rescue and recovery operations. The winner of the World Trade Center Site Memorial Competition was Israeli-American architect Michael Arad of Handel Architects, a New York- and San Francisco-based firm. Arad worked with landscape-architecture firm Peter Walker and Partn ...
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New York State Public-benefit Corporations
New York state public-benefit corporations and authorities operate like quasi-private corporations, with boards of directors appointed by elected officials, overseeing both publicly operated and privately operated systems. Public-benefit nonprofit corporations share characteristics with government agencies, but they are exempt from many state and local regulations. Of particular importance, they can issue their own debt, allowing them to bypass limits on state debt contained in the New York State Constitution. This allows public authorities to make potentially risky capital and infrastructure investments without directly putting the credit of New York State or its municipalities on the line. As a result, public authorities have become widely used for financing public works, and they are now responsible for more than 90% of the state's debt. The growing influence of public authorities over state and local financing, coupled with their ability to avoid regulations applicable to gover ...
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George Pataki
George Elmer Pataki (; born June 24, 1945) is an American lawyer and politician who served as the 53rd governor of New York from 1995 to 2006. An attorney by profession, Pataki was elected mayor of his hometown of Peekskill, New York, and went on to be elected to the State Assembly and the State Senate. After defeating three-term incumbent Governor Mario Cuomo by a margin of three points in 1994, Pataki would go on to be elected to three consecutive terms himself. He was the third Republican since 1923 to win New York's governorship, after Thomas E. Dewey and Nelson Rockefeller. Pataki's most notable achievements as governor included the creation of a number of new health care programs, presiding over recovery efforts following the September 11 attacks, and for increasing the state's credit rating three times. He chose not to run for a fourth term in 2006; he was succeeded by Democrat Eliot Spitzer. Pataki announced his candidacy for the Republican Party presidential nominatio ...
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Empire State Development Corporation
Empire State Development (ESD) is the umbrella organization for New York's two principal economic development public-benefit corporations, the New York State Urban Development Corporation (UDC) and the New York Job Development Authority (JDA). The New York State Department of Economic Development (DED) is a department of the New York government that has been operationally merged into ESD. ESD gives its mission as promoting the state economy, encouraging business investment and job creation, and supporting local economies through loans, grants, tax credits, real estate development, marketing and other forms of assistance. History The state Division of Commerce was created in 1941 and subsumed several state bureaus and the Bureau of Industry. It was replaced in 1944 by the state Department of Commerce. The New York State Urban Development Corporation (UDC) was created in 1968 by the York State Urban Development Corporation Act. On August 31, 1987, the Omnibus Economic Developme ...
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Buffalo, New York
Buffalo is the second-largest city in the U.S. state of New York (behind only New York City) and the seat of Erie County. It is at the eastern end of Lake Erie, at the head of the Niagara River, and is across the Canadian border from Southern Ontario. With a population of 278,349 according to the 2020 census, Buffalo is the 78th-largest city in the United States. The city and nearby Niagara Falls together make up the two-county Buffalo–Niagara Falls Metropolitan Statistical Area (MSA), which had an estimated population of 1.1 million in 2020, making it the 49th largest MSA in the United States. Buffalo is in Western New York, which is the largest population and economic center between Boston and Cleveland. Before the 17th century, the region was inhabited by nomadic Paleo-Indians who were succeeded by the Neutral, Erie, and Iroquois nations. In the early 17th century, the French began to explore the region. In the 18th century, Iroquois land surrounding Buffalo Creek ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Eliot Spitzer
Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney. A member of the Democratic Party (United States), Democratic Party, he was the 54th governor of New York from 2007 until his resignation in 2008. Spitzer was born in New York City, attended Princeton University, and earned his law degree from Harvard University, Harvard. He began his career as an attorney in private practice with New York law firms before becoming a prosecutor with the office of the New York County (Manhattan) District Attorney. From 1999 to 2006, he was the New York State Attorney General, Attorney General of New York, earning a reputation as the "Sheriff of Wall Street" for his efforts to curb corruption in the financial services industry. Spitzer was elected Governor of New York in 2006 New York gubernatorial election, 2006 by the largest margin of any candidate, but his tenure lasted less than two years after it was uncovered he Eliot Spitzer prostitution scandal, patronized ...
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5 World Trade Center
5 World Trade Center (5 WTC; also referred to as 130 Liberty Street) is a planned skyscraper at the World Trade Center in Lower Manhattan, New York City. The site is across Liberty Street, to the south of the main World Trade Center site. In February 2021 it was announced the new 5 World Trade Center will be developed in a joint venture between Silverstein Properties and Brookfield Properties. The proposed building shares its name with the original 5 World Trade Center, which was heavily damaged as a result of the collapse of the North Tower during the September 11 attacks and was later demolished. In June 2007, JPMorgan Chase announced plans to develop the building as the headquarters of its investment division, J.P. Morgan & Co. However, after JPMorgan Chase's acquisition of Bear Stearns in March 2008, as the company relocated J.P. Morgan to 383 Madison Avenue. In June 2019, the Port Authority and Lower Manhattan Development Corporation agreed to a joint Request for pr ...
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