Lower Manhattan Development Corporation
From Free net encyclopedia
Image:Lmdc-log.jpg The Lower Manhattan Development Corporation (LMDC} was formed after the September 11 attacks to plan the reconstruction of Lower Manhattan and distribute nearly $10 billion in federal funds aimed at rebuilding downtown Manhattan.
It was founded by Governor George Pataki and then-Mayor Rudolph Giuliani. The LMDC is a joint State-City corporation governed by a 16-member Board of Directors, half appointed by the Governor of New York and half by the Mayor of New York.
LMDC does not own the World Trade Center site and this has created problems in its dealings with the owner -- the Port Authority of New York and New Jersey and Larry Silverstein who has a lease to the site.
In February 2003, the LMDC chose Daniel Libeskind's master plan for the reconstruction of the World Trade Center complex. The organization also sponsored the international design competition for the World Trade Center Memorial, which resulted in Michael Arad and Peter Walker's Reflecting Absence being chosen as the winning design in January 2004.
