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NEWS ABOUT: Port Authority of New York and New Jersey

NYC Short $3M for 9/11 Memorial

Port Authority refuses to pay

(Newser) - New York’s long-awaited 9/11 Memorial is supposed to open in just a couple months, but officials still need another $3 million to finish the thing—and Port Authority says it won’t pay. “I’m going down to City Hall today to make it clear that somebody else... More »

Rising at Last, Ground Zero Tower Faces New Hurdle

Investors take issue with bond sale; could delay building once again

(Newser) - After seemingly interminable delays, a new World Trade Center tower is finally rising—but now it’s encountering new financial problems. An institutional investor group is holding up the $1.3 billion bond sale that would finance the construction of Tower 4 for fear it could hurt the value of... More »

Zazi Drove Explosives Into NYC—Right Past Police

Port Authority stopped him, on FBI orders, but then waved him on

(Newser) - Would-be subway bomber Najibullah Zazi drove across the George Washington Bridge into New York City in September with two pounds of explosives in his car—explosives that the Port Authority Police didn't find though they stopped his vehicle. The oversight, which hadn't been publicly disclosed, has caused friction between Port... More »

Cops Arrest Man Behind Newark Security Snafu

No word on identity of person who shut down terminal for hours

(Newser) - Authorities tonight arrested the man who slipped through security Sunday at Newark airport, identifying him as 28-year-old New Jersey resident Haisong Jiang. His move shut down the terminal for hours as security forces searched for him. Jiang—taken into custody at his Piscataway home, the AP reports—was seen kissing... More »

NYC Gives Jumpy Citizens Heads-Up on Emergency Drill

'Lots of sirens' Sunday in Lower Manhattan

(Newser) - Mindful of the panic caused by the Air Force One flyover, New York is giving its residents fair warning of a massive emergency drill scheduled for Sunday, Reuters reports. The heads-up is “not necessarily” because of the scare, a spokesman said. But “people will see and hear lots... More »

Ground Zero Developer Wants a Bailout

(Newser) - The long-delayed rebuilding at the World Trade Center site has hit another snag. Private developer Larry Silverstein is asking for financial help from the government—specifically, the already strapped Port Authority, the Wall Street Journal reports. Sources think the agency is so eager to avoid more delays it will help... More »

Merrill Quits Talks to Move to Ground Zero

Financially struggling brokerage backs out of delayed, over-budget project

(Newser) - Years behind schedule and billions of dollars over budget, the project to rebuild Ground Zero took another blow as struggling brokerage Merrill Lynch—projected as an anchor tenant for one of four planned office buildings—ended talks with the Port Authority and developer Larry Silverstein, reports the New York Times. More »

WTC Project Years Behind, Billions Over

Memorial unlikely to be ready for 10th anniversary of 9/11

(Newser) - The problem-plagued World Trade Center rebuilding project will be completed years behind schedule and up to $3 billion over budget, reports the Wall Street Journal. Construction of the various elements of the $15 billion complex—which includes a sprawling 9/11 memorial, office towers, a performing arts center, and a transportation... More »

Moving Day for 9/11's Stairway to Freedom

Way out of horror for thousands of survivors will be part of memorial

(Newser) - A potent symbol of survival on 9/11—a 37-step staircase used by thousands to escape the Twin Towers—was temporarily moved yesterday as part of a compromise plan that will incorporate the structure into the World Trade Center memorial. The stairs were hoisted on a flatbed and shifted to another... More »

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