DEVELOPMENT: State money ready for Midtown

By Christine Carrie Fien and Jeremy Moule on March 5, 2009

As of today, state money is available to start the demolition of Midtown Plaza.

During a press conference this afternoon, Governor David Paterson said the asbestos removal contracts will go out to bid, and that there is $30.8 million available for the work.

"We're back here today to make sure that Midtown succeeds," Paterson said.

The state has pledged $55 million to aid the city with Midtown's demolition, clearing the way for Paetec's new headquarters.