Andersen to Construct Times Square Skyscraper
Amidst the hustle and bustle of a renewed New York City Times Square, Arthur Andersen, LLP has announced it will build a new office tower on Broadway, between 41st and 42nd Streets.
Perhaps, though, the real news is that the tower competes directly with rival Ernst & Young, already under construction one block over at Seventh Ave. and 42nd Street.
The deal for the new Andersen tower has yet to be finalized. The site once housed the Times Square Brewery, and the two factors standing in the way of the proposed $600 million project are to fully acquire the property from Prudential Insurance and negotiate for about $10 million in tax breaks.
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Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.