Port Authority, St. Nicholas Church Near Deal at Ground Zero

Greek Orthodox Archdiocese of America. The Port Authority has reached a tentative land deal with St. Nicholas Greek Orthodox Church at Ground Zero, removing a hurdle to the construction of a vehicle security center in the new World Trade Center, according to a Port Authority official. The deal is expected to come before the agency's board for approval today. A dispute over the church's land, which sits south of Liberty Street across from Ground Zero, was highlighted in a Port Authority report last month as one of more than a dozen potential or impending major hurdles at the World Trade Center site. In the agreement, the Port Authority would pay $20 million to the church, giving it a more than 8,000-square-foot site on which to build. Of that $20 million, $10 million would come from JPMorgan Chase, according to the official;... [read full story]