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Economy
In reply to the discussion: Weekend Economists Get Syri-ous August 30-September 2, 2013 [View all]xchrom
(108,903 posts)9. Developer Says $100 Million Sculpture At Hudson Yards Will Be 'New York's Eiffel Tower'
http://www.businessinsider.com/developer-says-100-million-sculpture-at-hudson-yards-will-be-new-yorks-eiffel-tower-2013-8
Related Companies founder Stephen Ross is predicting that a still-to-be-designed sculpture at Hudson Yards will be New Yorks Eiffel Tower and more symbolic than the Christmas tree at Rockefeller Center and will be key in making his megaproject the new heart of the city.
Ross is putting the gigantic piece of artwork in the public plaza of the 13 million-square-foot neighborhood, which is being developed jointly by Related and Oxford Properties Group. The companies are holding a contest six famous sculptors, including Richard Serra and Anish Kapoor, have been invited to submit drawings and are putting the cost at nearly $100 million, Fortune reported.
This sculpture will be the greatest tourist attraction in New York, Ross told the magazine. It will be more than the Christmas tree in Rockefeller Center, but 365 days a year. It will be to this city what the Eiffel Tower is to Paris.
THe 72-year-old Ross is the only developer willing to helm a project of Hudson Yards scope, according to Dan Doctoroff, a former city deputy mayor who now runs Bloomberg LP.
Read more: http://therealdeal.com/blog/2013/08/30/stephen-ross-sees-hudson-yards-as-new-heart-of-the-city#ixzz2dXh4ZNvX
Related Companies founder Stephen Ross is predicting that a still-to-be-designed sculpture at Hudson Yards will be New Yorks Eiffel Tower and more symbolic than the Christmas tree at Rockefeller Center and will be key in making his megaproject the new heart of the city.
Ross is putting the gigantic piece of artwork in the public plaza of the 13 million-square-foot neighborhood, which is being developed jointly by Related and Oxford Properties Group. The companies are holding a contest six famous sculptors, including Richard Serra and Anish Kapoor, have been invited to submit drawings and are putting the cost at nearly $100 million, Fortune reported.
This sculpture will be the greatest tourist attraction in New York, Ross told the magazine. It will be more than the Christmas tree in Rockefeller Center, but 365 days a year. It will be to this city what the Eiffel Tower is to Paris.
THe 72-year-old Ross is the only developer willing to helm a project of Hudson Yards scope, according to Dan Doctoroff, a former city deputy mayor who now runs Bloomberg LP.
Read more: http://therealdeal.com/blog/2013/08/30/stephen-ross-sees-hudson-yards-as-new-heart-of-the-city#ixzz2dXh4ZNvX
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