Today in World Trade Center redevelopment financial woes, it turns out the Port Authority has been advancing money for months to the contractor responsible for fabricating and installing steel at One World Trade Center and 4 World Trade Center. DCM Erectors tells the Port Authority it has cash-flow problems because the Port Authority is so slow to approve new expenses and the project itself is so complex. In fact, sources tell the Journal, DCM may even lose money on One World Trade Center?a development that, by this point, doesn't really surprise us. [WSJ]
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