The International Information Center for Structural Engineers

Westfield Group paid $800 million last week to buy 50% of the retail space in the new World Trade Center.  The company had previously purchased the other 50% of space for $600 million two years ago.  Westfield Group is a mall developer and operator and currently own shopping areas in London, San Fransisco, and Los Angeles.  The New York and New Jersey Port Authority owns the 16-acre World Trade Center site, and it will use part of the $1.4 billion in revenue from the sales to fund infrastructure in the region.  According to Port Authoirty chairman David Samson, Westfield’s investment will allow the Port authority to “refocus agency resources on our core transportation mission.”  No specific announcements have been made about where this funding will be used.

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  • Date occured Thursday, 05 December 2013

The Council on Tall Buildings and Urban Habitat announced Tuesday that One World Trade Center is now the tallest building in the United States, at 1,776 feet tall. Previously the tallest building honor went to the Willis tower in Chicago, IL, which stands 1,451 feet tall. The debated issue was whether or not the mast atop the new WTC building should be counted toward the architectural height. The council decided that since the 408 foot spire is a permanent architectural fixture, and not used for technical purposes, its length would be added to the total height of the building, therefore making it taller than the Willis Tower.

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  • Date occured Tuesday, 12 November 2013

A deal was finalized between the Port Authority of New York and New Jersey and a team of private companies to replace and demolish the existing Goethals Bridge connecting Staten Island and New Jersey. The team, named the NYNJ Link Partnership, is comprised of Macquarie Infrastructure and Real Assets Inc., Kiewit Development and Infrastructure, Weeks Marine, and Massman Construction. This is the Port Authority’s first public-private partnership and will be financed through tax-exempt bonds, loans, and developer contributions. The NYNJ Link Partnership is responsible for designing, building, financing, and maintaining the bridge. The replacement  bridge will improve the existing bridge by having 6 12-foot wide lanes, interior and exterior shoulders, a pedestrian and bike path, and a lane to be developed for buses, HOV, or light rail in the future.

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  • Date occured Saturday, 09 November 2013
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