WTC – The Reconstruction Disaster

         For the latest misadventures in the reconstruction of the buildings planned for the site of the lamented World Trade Center, see http://news.yahoo.com/s/ap/20090416/ap_on_re_us/attacks_redevelopment

        Bottom line: the prognostications of the mavens suggest that the complete reconstruction of the WTC will not take place for perhaps as long as another 30 years. Mayor Bloomberg hopes it will be less than that. So do we, though this may be a triumph of hope over reality. As of now, somebody up there woke up to the realization that, apart from the problems of financing the reconstruction, and an “exodus of major financial firms like Merrill Lynch and AIG from downtown Manhattan,” it may not be the world’s swiftest idea to “flood the market with 10 million square feet of office space at the same time.” 

         And so it goes.

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