HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » BREAKING NEWS: Constructi...
Introducing Discussionist: A new forum by the creators of DU

Mon Oct 29, 2012, 02:46 PM

BREAKING NEWS: Construction crane at 57th & 7th Ave has collapsed; hanging over side of building

22 replies, 8777 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 22 replies Author Time Post
Reply BREAKING NEWS: Construction crane at 57th & 7th Ave has collapsed; hanging over side of building (Original post)
brooklynite Oct 2012 OP
GreenPartyVoter Oct 2012 #1
Ruby the Liberal Oct 2012 #2
Barack_America Oct 2012 #3
Cal Carpenter Oct 2012 #4
Cal Carpenter Oct 2012 #5
CheeseHead316 Oct 2012 #6
Melinda Oct 2012 #7
nc4bo Oct 2012 #8
jsr Oct 2012 #9
dixiegrrrrl Oct 2012 #21
TwilightGardener Oct 2012 #10
Cal Carpenter Oct 2012 #11
Melinda Oct 2012 #14
doc03 Oct 2012 #12
CheeseHead316 Oct 2012 #16
Myrina Oct 2012 #13
NYC Liberal Oct 2012 #15
Cal Carpenter Oct 2012 #17
TwilightGardener Oct 2012 #20
mindwalker_i Oct 2012 #18
titaniumsalute Oct 2012 #19
JawJaw Oct 2012 #22

Response to brooklynite (Original post)

Mon Oct 29, 2012, 02:48 PM

1. That's not good. :^(

Reply to this post

Back to top Alert abuse Link here Permalink



Response to brooklynite (Original post)

Mon Oct 29, 2012, 02:48 PM

3. That's scary.

The things that topple are what worry me the most with this storm.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 02:49 PM

4. On the One57 condo development

which has been discussed here a few times in recent months. I just saw this on some livestream I was watching...maybe the ABC local in NYC.

Oooh they're talking about it again, link:

http://abclocal.go.com/wabc/livenow?id=8857235

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 02:56 PM

5. The cops have blocked off the area

so people stay out of the streets there.

This is a construction site on central park with luxury condos that are selling for $80-90 million or some insane shit. Billionaire's club.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 02:59 PM

6. I hope that tower doesn't collapse. Could be deadly for many people

since I heard some are not getting indoors where they should be during this horrible hurricane.

Another thing though is that the top isn't finished. Depending on how fierce the winds go, it could rip that right off!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:02 PM

7. Costliest High-Rise in history; $90 MILLION for one condo

God obviously hates one percenters!!









Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:03 PM

8. Terrifying. The 'cane hasn't even made landfall yet!! That will be coming down

with the forces of the wind.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:04 PM

9. Prime Minister of Qatar to spend $100M to buy city’s most expensive condo

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jsr (Reply #9)

Mon Oct 29, 2012, 04:37 PM

21. ohhh...GOOD searching. Thanks.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:06 PM

10. Look out belowww!! That's going to leave a dent in

the sidewalk, boy howdy.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:08 PM

11. Billionaires Get 'Low-Income' Tax Breaks in Condo Tower

Billionaires Get 'Low-Income' Tax Breaks in Condo Tower
Source: CNBC

The billionaires paying more than $90 million for top apartments at the new One57 tower in New York have some very special amenities. They get more than 10,000 square feet, 75 floors above Manhattan. They get VIP concierge and doorman services, along with some of the best views in the city.

But they may also get a less publicized benefit: tax breaks of more than $150,000 a year from a program aimed at low-income housing.

According to financial documents obtained by CNBC, One57 may receive a tax abatement under a long-existing city program designed to provide more low-income housing. The program, known as 421-a, gives developers tax breaks for 10 to 20 years, which are then passed on to buyers. At One57, those savings may be substantial.

... "This is an outrageous giveaway," said Brad Lander, a New York City councilman who has worked to end tax breaks for luxury condos. "We can't afford to be giving away millions of dollars in tax breaks for nothing."

http://www.democraticunderground.com/1014262615


Rising Tower Emerges as a Billionaires’ Haven

One57, a 1,004-foot tower under construction in Midtown Manhattan, will soon hold the title of New York’s tallest building with residences. But without fanfare from its ultraprivate future residents, it is cementing a new title: the global billionaires’ club.

The buyers of the nine full-floor apartments near the top that have sold so far — among them two duplexes under contract for more than $90 million each — are all billionaires, Gary Barnett, the president of the Extell Development Company, the building’s developer, said this week. The other seven apartments ranged in price from $45 million to $50 million.

The billionaires’ club includes several Americans, at least two buyers from China, a Canadian, a Nigerian and a Briton, according to Mr. Barnett and brokers who have sold apartments in the building, at 157 West 57th Street. Mr. Barnett said that at least a few buyers were “significant Forbes billionaires.”

Since late last year, the “trophy” end of New York’s real estate market has been recording eye-popping sales that seem to have little basis in reality. The signed contract for the nearly-11,000-square-foot duplex on the 89th and 90th floors of One57 that sold for about $95 million topped the record sale in March of a penthouse at 15 Central Park West to a Russian billionaire’s daughter for $88 million. In June, Steve Wynn, the Las Vegas casino magnate, paid $70 million for a duplex penthouse apartment above the Ritz-Carlton.

http://www.democraticunderground.com/1014236800

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Cal Carpenter (Reply #11)

Mon Oct 29, 2012, 03:11 PM

14. ***facepalm***

Just when I thought (and in honor of) nothingshocksmeanymore.

Still missing you, teena!!

-Mel

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:09 PM

12. Some moron named Ali Velshi on CNN standing in the middle of the

street in Atlantic City, I hope a traffic light falls and knocks his ass out.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to doc03 (Reply #12)

Mon Oct 29, 2012, 03:12 PM

16. Well...if people don't heed the warnings of officials, they get what they get.

All they want is a story. THEY may actually be the next story/statistic if the lights don't come on in their heads.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:11 PM

13. Um, yeah there's a surprise ... NOT

90mph winds vs. a construction crane?
Even Mittens would probably have called that one correctly.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:11 PM

15. That building is this very same building:

http://finance.yahoo.com/news/billionaires-low-income-tax-breaks-194500791.html

Billionaires Get 'Low-Income' Tax Breaks in Condo Tower

The billionaires paying more than $90 million for top apartments at the new One57 tower in New York have some very special amenities. They get more than 10,000 square feet, 75 floors above Manhattan. They get VIP concierge and doorman services, along with some of the best views in the city.

But they may also get a less publicized benefit: tax breaks of more than $150,000 a year from a program aimed at low-income housing.

According to financial documents obtained by CNBC, One57 may receive a tax abatement under a long-existing city program designed to provide more low-income housing. The program, known as 421-a, gives developers tax breaks for 10 to 20 years, which are then passed on to buyers. At One57, those savings may be substantial.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:17 PM

17. NYPD says nothing can be done - evacuations of the area beginning

As of now, they are evacuating the whole area. They are afraid it will literally bounce around and smash into buildings.

The cops say there is really nothing they can do, so they are preparing for if it falls.

The winds are picking up...


Fucking hell.

eta: Link to stream I am watching:

http://abclocal.go.com/wabc/livenow?id=8857235

They are covering this a lot but also the storm in general, there may be better links but this is what I happened upon...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Cal Carpenter (Reply #17)

Mon Oct 29, 2012, 03:24 PM

20. Some lawyer somewhere is hurriedly reviewing a

liability insurance policy, for sure.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:21 PM

18. Looks like it needs some viagra

As long as it doesn't need an abortion, it's covered.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Oct 29, 2012, 03:23 PM

19. i used to work at 57 and 7th..scary

Hope it doesn't fall.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Tue Oct 30, 2012, 03:18 AM

22. Hmmmm

Even if it doesn't drop off in the wind, how the hell are they going to get that thing down safely?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread