Liberty Bonds
ORG
Liberty Bonds
Senator Schumer called on the Bloomberg administration to commit $1.75 billion in tax-exempt financing, known as Liberty Bonds, to commercial development at ground zero. Mr. Bloomberg said that they were not going to put Liberty Bonds into something that would, two or three years from now, come to a grinding halt. Mr. Silverstein, who contends that he is willing and able to build four towers at ground zero, said he could not be more supportive of recommendations that he gets all the remaining Liberty Bonds to rebuild the towers and that the Port Authority should serve as the anchor tenant for the Freedom Tower. Senator Schumer called on the Bloomberg administration to commit $1.75 billion in tax-exempt financing, known as Liberty Bonds, to commercial development at ground zero. Lynn Krogh, a spokeswoman for the governor, said that they were glad that Senator Schumer agreed that all the remaining Liberty Bonds should be dedicated to ground zero, that it was appropriate to house government offices in the Freedom Tower and that construction should commence on an expedited basis. Mr. Bloomberg said at a City Hall news conference, said that they were not going to put Liberty Bonds into something that would, two or three years from now, come to a grinding halt.