Under an agreement with its contractor, Phoenix Constructors,the Port Authority will not pay an approximately $8 million to $14million incentive payment for on time completion of the Tower 2bathtub. According to a prepared statement, "the Port Authoritywill meet its obligations under the Master Development Agreementfor the site, paying Silverstein Properties $300,000 a day,beginning July 1, until the fully completed Tower 2 bathtub isturned over."
World Trade Center Properties president Janno Lieber says in aprepared statement that "the Port Authority is making steadyprogress in constructing a new bathtub at the site of future WorldTrade Center Tower 2 at 200 Greenwich St. Everyone at SilversteinProperties is eager to start select work in July and lookingforward to expanding over the entire Tower 2 site later thissummer."
The Tower 2 bathtub excavation and construction project involvesthe removal of nearly 160,000 cubic yards of soil, 4,000 cubicyards of rock, and the excavation of new foundations far belowstreet level. In Sept. 2006, the Port Authority Board ofCommissioners agreed to take over development of 1 World TradeCenter, the Freedom Tower and the Tower 5 site. SilversteinProperties is responsible for construction of Towers 2, 3 and4.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
