The final steps in the transfer of Governors Island from the state to the city will be completed this week when the Empire State Development Corporation votes to approve a plan already agreed upon by Mayor Bloomberg and the state. Mayor Bloomberg's plan for Governors Island includes expanding park land and possibly adding an NYU satellite campus.

The Port Authority of New York and New Jersey will begin laying the structural foundations for a performing arts center at Ground Zero and the city will eventually reimburse the Authority for up to $44 million. One site under consideration for the center is the the Deutsche Bank building at 130 Liberty Street. The plan was approved by the Port Authority on Monday, June 21st.

Residents living in one of twenty-eight apartment buildings near the 2nd Avenue subway construction are being offered a month in a luxury hotel or a stipend ranging from $5,000-9,000 to leave their apartments while the Metropolitan Transportation Authority enhances their buildings. The buildings in their current state cannot withstand the underground construction.

The Alliance for Downtown New York will reveal a plan for Water Street on Monday June 21st. The plan advocates better sight lines to the East River. The plan also proposes a more elaborate entrance to the waterfront, among other improvements.

The Port Authority of New York and New Jersey are still deciding whether Related Cos. or the Durst Organization will develop One World Trade Center. The decision was expected to be made on June 22nd but will now be made on July 29th instead. Reasons for the delay have not been made public.

As part of "NYU 2031" -- New York University's expansion plan -- officials have expressed interest in the former Deutsche Bank Tower as a possible site for growth. The building is located at 130 Liberty Street. Community Board 1 Chairwoman, Julie Menin, said NYU would fit well with residential and hotel development in the area.

Community Board 1 approved a rezoning of North Tribeca that eliminates the need for special permissions for residential construction. Community Board 1 voted in favor of this change a few weeks ago. The Manhattan Borough President's Office and the City Planning Commission will hold public hearings on this matter prior to the City Council's final vote.

The Uniform Land Use Review Procedure for the North Tribeca rezoning began this week. The proposed rezoning stretches from Canal and West streets to Walker Street and Broadway. The proposal will allow the exsiting manufacturing district to include residential conversation and provide height limitations.

In 2008, plans for a second station on the No. 7 extension, at 41st Street and 10th Avenue, were cut due to funding shortfalls. Now, the Real Estate Board of New York (RENBY) is encouraging the Bloomberg Administration to reconsider a second station at the site.

One World Trade Center is expected to grow by another fifty floors by the end of the year. When completed in 2013, the building will be the tallest office building in this country. One World Trade Center is currently twenty-six floors. The project will be Gold LEED certified.