World Trade Center Performing Arts Center Construction Faces Funding Challenges

March 30th, 2017

World Trade Center Performing Arts Center, via REXThe construction on a performing arts center at the World Trade Center is facing a $100 million shortfall if officials from Housing and Urban Development try to reclaim funds previously provided to developers.  “If I’m HUD and I’m looking at this entity that has publicly stated it’s hoping to wind down and there is uncommitted funding available to be swept back to HUD,” says Lower Manhattan Development Corp board member Peter Wertheim, then officials may say, “why do I have to leave $100-plus million for LMDC to use on these projects?”

Read more at Crain’s