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February 6, 2012
Cool Energy Savings images
AmericanEnergyCouncil.org
A blog post about energy-saving technologies provides a reminder about the sordid history of The New York Times Building.
The site for the building was obtained by the Empire State Development Corporation through eminent domain in 2001. With a mandate to acquire and redevelop blighted properties in Times Square, ten existing buildings were condemned by the EDC and purchased, behind court order, from owners who in some cases did not want to sell. Once the 80,000 square-foot site was assembled, it was leased to the New York Times Company and Forest City Ratner for below market value at .6 million over 99 years.
And this will come as no surprise to those even slightly familiar with Bruce Ratner's m.o. ...
The building is promoted as a "Green" structure, though it is not LEED certified.
Posted by eric at February 6, 2012 10:37 AM