When did LMDC acquire the former Deutsche Bank Building at 130 Liberty Street?
Top ^ A: After negotiations between Deutsche Bank and their insurers failed to generate an appropriate plan to deconstruct the building and redevelop the site, the LMDC stepped in to acquire the property on August 31, 2004. The purpose for our acquisition of 130 Liberty Street is to expand the World Trade Center Site in order to implement the World Trade Center Memorial and Redevelopment Plan. Prior to the LMDC taking ownership, the damaged and contaminated building had languished for several years in litigation, without an appropriate deconstruction plan.
