Redevelopment of former WTC site still a long way off

NEW YORK — With Mayor Rudy Giuliani’s announcement to the press that it could take nearly a year to clean up the debris from the Sept. 11 World Trade Center attack, it’s clear downtown redevelopment won’t happen for a while.

Proposals for the WTC site haven’t been officially considered, and the cleanup process will slow the planning process. According to Giuliani, 133,024 tons of steel and other rubble in 8,977 truckloads have been removed so far.

The New York Times reports the degree of destruction is "unbelievable." The newspaper noted that the buildings contained more than 200,000 tons of steel, 425,000 cubic yards of concrete and 600,000 sq. ft. of glass in 43,000 windows. Each floor, a reinforced concrete pad on a metal deck supported by steel cross beams, was about one acre and weighed about 4.8 million pounds.

According to the newspaper, engineers say the impact of the Boeing 767s and the heat generated by thousands of gallons of jet fuel weakened and buckled the buildings’ steel framework, causing the top floors to collapse and causing a domino effect that imploded each of the buildings.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

AdviceIQ

Connect With Us
National Real Estate Investor Related Sites