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December 6, 2006
Bank of NY buys Mellon Financial for $16.5B
Crain's NY Business
An article on Bank of NY's purchase of Mellon Financial has some details of the Liberty Bond financing secured by Bruce Ratner for the Atlantic Terminal highrise.
Bank of New York was hard hit by the Sept. 11, 2001 attacks. The state and city helped keep bank jobs in the city by issuing $113.9 million in Liberty Bonds to Forest City Ratner Cos., which developed a tower over Brooklyn's Atlantic Terminal.
Bank of New York became the anchor tenant, moving about 1,500 jobs there. The bank currently occupies 320,000 square feet in the building, Forest City says. Bank of New York received the grant as part of the same economic development package.
Posted by lumi at December 6, 2006 7:33 AM