It is the only way to anchor a large office project with a fancy restaurant, town leaders say.
There also are other, much smaller, office projects planned on 125th Street, but to date nothing has been built.
He said he expected the same for the office project.
It is on the site of a proposed $100 million office project.
"There were four major office projects in trouble," according to one of the partners who had been involved.
Only one office project has broken ground since the attacks of Sept. 11.
"We met with local officials and decided to look into feasibility of an office project."
Some office projects have been developed, and others are being planned.
No new office projects have broken ground in five years.
Not a single office project has broken ground since Sept. 11, 2001.