Any new headquarters the firm creates would house such operations as investment banking, commodities trading and related functions. The building would serve as home base for some 7,400 jobs and keep a total of 9,000 jobs in Manhattan.
But it is not only the city that stands to lose if Goldman pulls the plug. Some $1 billion in Liberty Bond financing had been secured for the development costs. Goldman Sachs officials were not available immediately for comment. City officials have expressed confidence that issues will be worked out and the Downtown plan will be on track again.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
