Proposed deck causing concern.Brookfield Properties Brookfield Properties Corporation TSX: BPO NYSE: BPO is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares. is balking balking, baulking see jibbing. at a proposed deck along West Street at the World Trade Center site, saying the "concept seems flawed." A deck has been under active consideration by the Lower Manhattan Development Corporation as a way to ensure that there is not a four-lane highway along the memorial to the Sept. 11 victims. But Brookfield Properties, which owns the WFC WFC Wi-Fi Connection (Nintendo gaming service) WFC Wide-Field Camera WFC World Financial Center (New York) WFC Workforce Center WFC World Federation of Chiropractic WFC World Food Council buildings along West Street, vigorously opposes the idea and has threatened to take LMDC LMDC Lower Manhattan Development Corporation (New York City, NY, USA) LMDC Lake Merritt Dance Center (Oakland, California) LMDC Logistics Management Development Course LMDC Laser Motion & Development Company to court over the issue. The alternative would be to submerge sub·merge v. sub·merged, sub·merg·ing, sub·merg·es v.tr. 1. To place under water. 2. To cover with water; inundate. 3. To hide from view; obscure. v.intr. West Street as a tunnel from Vesey to Liberty Streets. How ever, a tunnel would cost in excess of $400 million, at least $100 million more than a deck. Through a spokesperson, Brookfield released the following statement: "We are not aware of a specific plan to deck over West Street and would certainly be prepared to review the merits of any such proposal. However, the concept seems flawed. We have just spent more than $50 million to renovate the Winter Garden. A deck would block its front door. It would also block the entrance of the American Express headquarters and restrict access to the World Financial Center. For these and other reasons, given what we know at this time, we would strongly oppose decking over West Street. Depressing West Street is a far better solution for all. Our views and position have been conveyed to the LMDC." The LMDC could not be reached for comment. |
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