fromfaraway-view-from-the-westhttp://www.emporis.com/images/show/762094-Medium-fromfaraway-view-from-the-west.jpghttp://www.emporis.com/images/show/762094-Large-fromfaraway-view-from-the-west.jpgJohn W. Cahill
The building has received a LEED Gold certification.
The developers threatened to move the tower elsewhere if the state approved a tunnel under West Street with the entrance being on or near the tower's site, until the state gave up the project that would cost the city almost one billion dollars.
The building is planned to have about 1.5 million square feet of floor space.
The building is expected to have around 9000 employees.
Goldman Sachs has promised $4.5 million to Lower Manhattan residents to help pay for a library and community recreation center.
Of the 2.4 billion dollars used to build the tower, 1.65 billion come from tax-exempt Liberty Bonds; the city and state made such a significant investment in hopes that Goldman Sachs will attract other major firms to Downtown.
During the summer 2005, the developers threatened to pull out due to the uncertainty of the future of the area. After receiving considerable money in bonds and tax breaks from the city, in August 2005 the developers announced that they would follow through with the plan.
Ground was officially broken on November 29, 2005, during a ceremony where prominent officials including New York Mayor Michael Bloomberg and New York Governor George Pataki moved the first dirt for the excavation.
One of the most important Downtown revitalization projects at the time of planning, the tower is expected to cost over two billion dollars to build.
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