Word: manhattanization
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...exactly will build it? After 9/11, New York Governor George Pataki formed the Lower Manhattan Development Corp. (LMDC) to oversee restoration of the Trade Center site. But the 15 LMDC board members share power with the Port Authority of New York and New Jersey, the agency that built the Trade Center and owns the land. The Port Authority in turn must accommodate Larry Silverstein, a New York City developer who signed a 99-year lease on the Trade Center six weeks before the attack. Silverstein is partnered with a retail developer, Westfield America, that is pushing for maximum shopping space...
...earnings by at least $500 million. Ahold's stock immediately plunged by two-thirds, erasing €5 billion in value, although it picked up again slightly at the end of the week. Meanwhile, Dutch regulators, the Securities and Exchange Commission in Washington and the U.S. attorney's office in Manhattan started official investigations, and shareholder class-action suits have already been filed in the U.S. How could this happen to the worldwide giant that, after all, owns Giant and Stop & Shop in the U.S. and 7,000 stores in Europe, including Supersol and Hipersol in Spain and ICA throughout Scandinavia...
...complain because I doubt Libeskind. In making its decision on what should replace the twinned frailties of emptiness and memory which confront us in the void where the Twin Towers stood, the Lower Manhattan Development Corporation (LMDC) has surely chosen the lesser evil. It is fitting that the garish skeletal frames of the towers that the THINK team proposed have been dismissed. They were a foolish piece of constructivist hyperbole—an ecstatic vertical jungle gym obscuring their funereal base...
...like the curled hand of God around the footprint of the two towers, its index finger stretching towards the sky—taller, indeed, than any building in the world, save a few telecommunication towers—is important, even necessary in what is to be our revisioning of Manhattan. It is as much an immigrant’s vision of the endless possibility that marks our most American of American cities as it is an American vision of that city’s determined continuity. In another place Libeskind’s design would be truly a Yad Vashem...
Economic realities demand that there be some reconstruction of the 11.5 million square feet of office space lost when the towers were laid low. But why not a built-over West Street, or elsewhere in the large stretches of Lower Manhattan that could be redeveloped? Indeed, why it was necessary to build on the 16 acres whose very ground is death, seems to follow not the ration of the dollar, but merely the naïveté of a culture that thinks it can erase its lowest moment by illuminating its highest...