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| Courtesy of therealdeal.com |
Mayor Bloomberg, Governor Patterson, and Assembly Speaker Silver announced the creation of a $100 million fund for the development of the Performing Arts Center at the World Trade Center site. This is a part of the grand plan to rejuvenate Lower Manhattan and the cultural environment there. Furthermore, Lower Manhattan Development Corporation, the firm in charge of the federal funds, is planning proposals for infrastructure upgrades, development of East River Waterfront Esplanade and Piers Project, and maintenance of city parks. The LMDC board will be voting on the proposals early next month, after taking into consideration the public’s view on these projects.

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