Labor Deal Comes At Crucial Time For $5B Tappan Zee Project
By Pete Brush
Law360, New York (June 19, 2012, 8:17 PM EDT) -- A pact between New York Gov. Andrew Cuomo and labor groups to cut hundreds of millions of dollars from the price of manpower in the Tappan Zee Bridge rebuild marked a timely confidence boost for investors, yet challenges remain as the estimated $5.2 billion project enters a crucial phase, experts said Tuesday.
The 57-year-old Tappan Zee carries millions of interstate drivers across the Hudson River 15 miles north of midtown Manhattan. It is seen as one of the major transportation arteries of the entire U.S. and,...