ADF Group Seeks $4 Million Owed for Trade Center SteelChris Dolmetsch
ADF Group Inc. asked a judge to order the Port Authority of New York & New Jersey to pay more than $4 million the company says it is owed for steel it provided for the World Trade Center.
The Port Authority sued the Terrebonne, Quebec-based company in New York state Supreme Court in October, saying it was holding the 408-foot spire that was to top 1 World Trade Center “hostage.” The two sides said Oct. 23 that they had reached a settlement with the agency and the first section of the spire was installed last month.
ADF Group in a court filing dated Feb. 20 asked Justice Shirley Werner Kornreich to approve the lawsuit settlement and order the Port Authority to pay $2.6 million. ADF also asked the judge to approve another settlement that resolved a separate dispute over steel was providing to a transportation hub at the trade center and order the authority to pay $1.5 million.
The spire, designed in collaboration with artist Kenneth Snelson, is part of the tower’s “crown” and will allow the building to reach a symbolic height of 1,776 feet, according to a website for the project.
Workers hoisted the first section of the spire to the top of the building on Dec. 12 and installed it on Jan. 15, the Port Authority said. Installation of all eight pieces of the spire and three communication rings are expected to take as long as three months, depending on weather conditions.
The skyscraper, which is scheduled for completion before the end of March 2014, will be the Western Hemisphere’s tallest building and serve as a “symbol of recovery” after the original towers collapsed in the Sept. 11 terrorist attacks, according to the Port Authority’s complaint in the case.
Steve Coleman, a spokesman for the Port Authority, didn’t immediately comment on the filing in a telephone interview.
The case is WTC Tower 1 LLC v. ADF Steel Corp., 653580-2012, Supreme Court of New York, County of New York (Manhattan).
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Uber Victim Stepped Suddenly in Front of Self-Driving Car
- Facebook Sued by Investors Over Voter-Profile Harvesting
- Cambridge Analytica's Board Suspends CEO Nix Amid Inquiry
- The World's Happiest Place Wants to Hire the Best Finance Brains
- Facebook Just Lost More Than Tesla's Entire Market Cap in Two Days