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Deal Reached to Rebuild Greek Orthodox Church Destroyed on 9/11

The Port Authority of New York and New Jersey agreed to rebuild a Greek Orthodox church near Manhattan’s World Trade Center site, more than 10 years after the property was destroyed in the Sept. 11 attacks.

A 4,100-square-foot (380-square-meter) church will be built at the east end of Liberty Park, across Liberty Street from the Sept. 11 memorial, the authority said in an e-mailed statement. An agreement with the Greek Orthodox Archdiocese of America was signed today, after a four-month engineering study found the church could be erected without interfering with the trade center reconstruction schedule, according to the agency.

St. Nicholas Greek Orthodox Church, housed in a four-story, 1,200-square-foot building on Cedar Street, was crushed in the terrorist attacks when the entire weight of the south tower came down on it, according to the church’s website. Negotiations for rebuilding broke down in 2009 and resulted in litigation this year, said the Port Authority, which owns the trade center site.

“We lost St. Nicholas Church in the destruction of Sept. 11 and for too long its future has been uncertain,” New York Governor Andrew Cuomo said in the statement. “With this agreement, we are continuing New York’s collective healing.”

The new building will include a non-denominational bereavement center, according to the Port Authority. The agency will assume all below-ground infrastructure costs, while the archdiocese will be responsible for above-ground construction expenses.

To contact the reporter on this story: David M. Levitt in New York at dlevitt@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net

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Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.33% 3.99%
30 Year Fixed 3.98% 3.66%
15 Year Fixed 3.09% 2.79%
10 Year Fixed 3.01% 2.89%
30 Year Fixed Refi 3.97% 3.64%
15 Year Fixed Refi 3.08% 2.79%
5/1 ARM 2.85% 2.59%
5/1 ARM Refi 2.84% 2.60%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.34% 5.34%
$50K HELOC 4.55% 4.56%
$75K HELOC 4.52% 4.57%
$100K HELOC 4.23% 4.27%
$30K Home Equity Loan 5.96% 5.97%
$50K Home Equity Loan 5.97% 6.01%
$75K Home Equity Loan 5.91% 5.97%
$100K Home Equity Loan 5.78% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.23%
2 Year CD 0.70% 0.70%
1 Year CD 0.56% 0.57%
MMA $10K+ 0.46% 0.47%
MMA $50K+ 0.68% 0.69%
MMA Savings Jumbo 0.58% 0.59%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.72% 2.98%
48 Months Used Car 2.70% 2.93%
36 Months Used Car 2.76% 2.89%
72 Months New Car 2.50% 2.43%
60 Months New Car 2.65% 2.54%
48 Months New Car 2.51% 2.45%
60 Months Auto Refi 4.00% 4.15%
36 Months Auto Refi 3.51% 3.61%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.54% 15.53%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com