Friday, October 19, 2012
Port Authority of NY and NJ will get $8B back for work done for other agencies at Ground Zero site
The Port Authority of New York and New Jersey will be reimbursed almost $8 billion for work done for other agencies at the World Trade Center site, according to agency officials.
"We expect $7.83 billion back; of that we have a firm commitment for 90 percent of it," said Anthony Hayes on behalf of the port authority. Of that amount, $4.75 billion has been received so far, he stated.
Reimbursement means the Port Authority is responsible for less than $7 billion of the $14.8 billion Trade Center redevelopment project.
Work performed on behalf of third parties at the Trade Center site includes work for the 9/11 Museum and Memorial, the New York Police Department and the Metropolitan Transportation Authority.
For more of the Asbury Park Press story: app.com
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