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.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Already a member? log in here.

Upcoming CPE Webinars

Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.
Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.