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Latest Business News

Deal Reached for Goldman Sachs Tower

Tuesday, August 23, 2005 8:11:29 PM
By AMY WESTFELDT

NEW YORK (AP) - Goldman Sachs Group Inc. agreed on Tuesday to build a $2 billion world headquarters near the World Trade Center site.

Goldman Sachs said earlier this year it wouldn't move to a site across from the World Trade Center site because a proposed tunnel for vehicles beneath ground zero would send traffic too near the building's entrance. The company also expressed concerns over other traffic and security plans at the site.

State officials dropped plans for the tunnel, and city and state leaders spent months trying to persuade Goldman Sachs to remain in downtown Manhattan, seeing the financial services behemoth as a crucial piece in rebuilding the area's business district.


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