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The WSJ is reporting that the all-but-dead billion-dollar proposed performing arts center at Ground Zero has been given a small breath of life. However, it is far from a done deal.
In the WSJ, by Jennifer Maloney, “After years of little progress, a planned performing-arts center at the World Trade Center site may take a crucial step forward Thursday when the Lower Manhattan Development Corp. is expected to give the bare-bones organization, known as the Performing Arts Center at the World Trade Center, $1 million to hire staff and develop building plans. An approval would put the Frank Gehry-designed center on track to open in 2017, said Maggie Boepple, who was the organization’s first hire last March and is now the center’s director. And it would reverse a decision the LMDC made in September to withhold the $1 million seed money, citing concerns about the project’s price tag and the ability of supporters to raise the hundreds of millions needed to pay for it.”