Residents lose long fight against morisset in New Jersey’S biggest housing project: The Port Authority’s flagship apartment tower is on the verge of collapsing.
Gerald A. Sullivan/Globe Staff Mayor James D. Menino is sworn in as the new chairman of the Port Authorit바카라사이트y of New York and New Jersey on Friday.
NEW YORK — As his $1 billion New York City-New Jersey housing project neared collapse, Mayor James D. Menino’s administration worked hard to avoid the drama.
But in the nearly four years since his team took over, Menino said he has learned “a lot,” including how to avoid disaster of the magnitude that has befallen the project.
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While other municipalities around the world, including Miami, Detroit, and natyasastra.comNew York City, are in dire straits, not all major American cities have faced similar challenges.
In New Jersey, Menino and his team have worked since 2009 to move on to other priorities, such as the renovation of Camden Yards and other developments such as the $1 billion Hudson Yards project. But the agency, along with other government leaders, are still looking to buy the tower as the project faces major construction delays.
“That tower is no longer our focus and that is the sad news,” Menino said in a recent interview. “It doesn’t really matter what I do as chairman of the authority; we have to come back.”
The tower, the tallest building of its kind in the world at about 735 feet, was supposed to open in 2015. The project was supposed to finish in January and be named for New York Mayor Michael R. Bloomberg, who also became mayor in 2010. But officials 더킹카지노were struggling to sell the project to buyers and have since spent about $800 million to try to sell the tower.
The tower is being sold for $6.1 billion.
Last week, Manhattan Borough President Gale Brewer, who is a trustee in the Port Authority of New York and New Jersey, called on the agency to accelerate the sale process to take effect as soon as possible.
Menino said the agency should complete the sale process as soon as possible as it could avoid having a financial burden over a project that is already being sold.
“I think it is important,” Menino sai