New York Economic Development Corporation spokesperson JanelPatterson tells GlobeSt.com the vote has been removed indefinitelyfrom the city's Industrial Development Agency calendar. "It is noton the agenda at this point. The project is being reevaluatedtherefore we decided not to go before the board with that item atthis time."

But sources close to the $1 billion plan to build a 10-storytrading floor topped by a 50-story office tower across the streetfrom the current stock exchange site claim that Grasso's commentsThursday to the Securities Industry Association in Boca Raton, FLknocked the legs out from the already wobbly project. In additionto referring to the current plan as "not a salable transaction,"Grasso also indicated that he is open to the possibility ofintegrating a stock exchange into the design of a new World TradeCenter, reportedly angering Mayor Rudy Giuliani and Mayor-electMichael Bloomberg.

Bettina Damiani, project director of government and corporateaccountability group Good Jobs New York, says that she is notsurprised by the move to cancel the vote. "I'm more surprised byGrasso's comments publicly," she tells GlobeSt.com.