Asian Banks Drop $1 Billion On Long-Stalled Tower Over Central Park

Asian Banks Drop $1 Billion On Long-Stalled Tower Over Central Park

Looks like those pesky shadows over Central Park are destined to lengthen even more: A new $1 billion financing package from a group of Asian banks is breathing life into a stalled plan to build the 1,050-foot-tall MoMA Expansion Tower on West 53rd street.

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