Liberty Bonds At-A-Glance:
(Last updated 08/23/06)

Liberty Bond Program (total allocation of $8 billion)

LIBERTY BONDS APPROVED: $4.647 billion
LIBERTY BONDS REMAINING: $3.353 billion

Geographic restrictions: Up to $2 billion can be allocated outside the Liberty Zone. However, rental housing and public utilities can only be financed within the Liberty Zone.

Use restrictions: Rental housing -- Up to $1.6 billion; Retail -- Up to $800 million; Commercial real estate or public utilities -- At least $5.6 billion

LIBERTY BONDS – Commercial (total allocation of $6.4 billion, including commercial real estate, retail and public utilities)

COMMERCIAL $ APPROVED: $3.06 billion

COMMERCIAL $ REMAINING: $3.340 billion

New York State Liberty Development Corporation (allocation of $3.2 billion) - Approved

Date	Amount	Developer	Site
8/2/2006	$57 million	The National Sports Museum Project	26 Broadway
9/26/05 - final approval	additional $650 million	Goldman Sachs	Battery Park City site 26
9/7/04 * preliminary approval only	$1 billion	Goldman Sachs	Battery Park City site 26 (West Street between Vesey and Murray)
11/13/2003	$38.9 million	Robert De Niro & Ira Drukier	377 Greenwich Street
Total	$1.746 billion

New York City Industrial Development Agency (allocation of $3.2 billion) – Approved

Date	Amount	Developer	Site
3/9/06 (proposed)	$50 million	Joseph Moinian	123 Washington Street
11/8/05 (proposed)	$3.345 billion	World Trade Center Properties LLC (an affiliate of Silverstein Properties)	World Trade Center site and 130 Liberty Street
	$18 million for RETAIL projects at the base of RESIDENTIAL buildings financed with Liberty Bonds	Zuberry Associates, Brac Realty, Rockrose Development	Front Street, 90 West Street, 2 Gold Street
2/5/04	$650 million	Durst Organization	One Bryant Park
10/14/03	$80 million	IAC/InterActiveCorp. & its wholly owned affiliate HTRF Ventures, LLC	535 West 18^th Street (11th Avenue) Manhattan
1/14/2003	$475 million (increased from original $400 million in January 2005)	Larry Silverstein	7 World Trade Center
9/9/2002	$90.8 million	FC Hanson	Atlantic Terminal, Brooklyn
Total	$1.296 billion

New York State Liberty Development Corporation (allocation of $2.8 billion) -

Projects given preliminary approved but unlikely to close

Date	Amount	Developer	Site
12/11/2003	$400 million NOTE: LDC sold taxable bonds for this project and may refinance with Liberty Bonds at a later date.	Astoria Energy LLC	Astoria
4/24/2003	$10 million		South Street Seaport convention center
11/4/2002	$145 million	BFP Tower C Co. LLP	3 World Financial Center

New York City Industrial Development Agency -- Proposed but unlikely to close

Amount

Developer

Site

Given preliminary approval on 5/20/04

NOTE: This deal fell apart after Pace University withdrew from negotiations. Future status of site currently unclear

$243 million

Forest City Ratner

Spruce and Beekman (same project is seeking Lib. Bonds for housing)

Requested, but never given preliminary approval

Approx. $150 million

Forest City Ratner

Times Square (Proposed new New York Times building)

Residential Liberty Bonds (total allocation of $1.6 billion)

HOUSING $ APPROVED: $1.6 billion
HOUSING $ REMAINING: $0

New York State Housing Finance Agency (allocation of $800 million) – Approved

Date	Amount	Developer	Site
6/17/04	$112.5 million	AI Properties and Developments (USA) Corp. and Boymelgreen Family LLC.	88 Leonard St.
3/3/04	$98.8 million	Albanese Development	N End Ave. between Murray and Warren, BPC
3/2/04	$95 million	Lalezarian Developers	100 Maiden Lane*
1/20/04	$135 million	Leonard Litwin	10 Barclay Street
3/12/2003	$38.3 million	Zuberry Associates	Front Street in South Street Seaport
8/14/2002	$95 million	Leonard Litwin	10 Liberty Street
8/14/2002	$110 million	Related Companies	Tribeca Green--Battery Park City North site 19B
8/14/2002	$101.5 million**	Albanese Development	20 River Terrace, Battery Park City
State amount approved	$786.1m	NOTE: Adjustments in amounts sold may be necessary to account for the $800 million cap in authorization.
State amount remaining	$13.9m

* 100 Maiden Lane formerly housed the Cadwalader Wickersham & Taft headquarters; the firm is moving from this location to the World Financial Center, according to the Bond Buyer.

** Originally approved at $100 million - additional bonds authorized 1/21/04.

New York City Housing Development Corporation (allocation of $800 million) - Approved

Date	Amount	Developer	Site
2/2004	$101 million	Brac Realty Capital	90 West St.
12/4/2003	$132.5 million	Nathan Berman and Yaron Bruckner	63 Wall Street
8/21/2003	$178.5 million	Rockrose Development	2 Gold Street
6/4/2003	$77.5 million	Moinian Group	90 Washington Street
1/2005	$131.4	15 William LLC	NW corner of William & Beaver Streets
5/2006	$210 million	Nathan Berman and Yaron Bruckner	20 Exchange Place (conversion)
City amount approved	$830.9 million
City amount remaining	$0	NOTE: projects originally proposed for state-level bonds may draw on remaining city pool

New York State Housing Finance Agency (allocation of $800 million) – Proposed

Date	Amount	Developer	Site
2/2004	$81 million	Joseph Moinian and Abraham Leser	18-20 West St.
12/2003	$107.9 million	The Related Cos	Tribeca Green Housing Project, Battery Park City
NOTE: This deal fell apart after Pace University withdrew from negotiations. Future status of site currently unclear.	$131.4 million	Forest City Ratner	Spruce Street (across from Pace University)

New York City Housing Development Corporation - Proposed

Amount	Developer	Site
$175 million	Rockrose	Pearl Street
$145 million	The Witkoff Group	10 Hanover Square (between Pearl & Water)
$200 million	Jack Resnick & Sons	West Street (between Chambers & Warren)
$80 million	Cammeby's Mngmt Co./Witkoff Group	233 Broadway
$45 million	Cammeby's Mngmt Co.	3/9 Beekman Street

NOTE: On July 21, 2003, U.S. Department of Housing and Urban Development (HUD) Secretary Mel Martinez joined Gov. Pataki and Mayor Bloomberg proposed that $50 million in Community Development Block Grants (controlled by the Lower Manhattan Development Corporation) would subsidize approximately 300 moderate-income units in future Liberty Bond developments. The LMDC released a partial action plan for public comment (latest draft January 22, 2004) but has not yet submitted a draft to HUD for final approval.