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Photo by Douglas Lopez Toledo

 

Work on the China-backed Nicaragua Canal officially began yesterday, as opposition grows against the $50 billion project. [BBC News]

via BBC News

 

BBC News: Nicaragua has announced the start of work on a new canal linking the Atlantic and Pacific Oceans.

The 278km (172 mile) waterway will be longer, deeper and wider than the Panama Canal. But critics fear a negative environmental impact and doubt its viability and economic benefits.

AP photo via news.com au

 

Nicaragua’s Vice-President Omar Halleslevens said the canal would change the history and the economy of Nicaragua, one of Latin America’s poorest countries.

“With this great canal, Nicaragua expects to move 5% of the world’s commerce that moves by sea, which will bring great economic benefits and double the GDP (gross domestic product),” said Mr Halleslevens.

Read more from BBC News here…

Curbed reports yes. Tribeca Trib reports, maybe. South Street Seaport Museum interim president, Capt. Jonathan Boulware feels strongly about the museum staying on Schermerhorn Row and a need for more pier space for ships.

via South Street Seaport Museum

 

Curbed: The current head of the financially-sinking South Street Seaport Museum addressed Community Board 1’s Seaport/Civic Center Committee on last night to share good news: the beloved neighborhood institution won’t be getting the boot from Howard Hughes Corporation as the developer plows forward with its contentious plan to make over the Seaport.

via South Street Seaport Museum

 

Tribeca Trib: The developer has said it would commit more than $10 million to help sustain the museum, whose financial problems were compounded by a devastating blow from Hurricane Sandy. The plans include two potential locations for the museum––one in a new building at John and South Streets on Schermerhorn Row, and the other in a building, up-to-5,000-square-feet, next to the Peking on Pier 16.

via South Street Seaport Museum

 

But what about our historic ships? Pier space has been whittled away over the years from 5 piers to just one, and the South Street Seaport Museum has 11 vessels in her fleet.

1924. via South Street Seaport Museum

 

Boulware said a feasibility study being conducted by WXY and AEA Consulting has suggested that the fleet will likely need to be downsized.

via South Street Seaport Museum

Community Board 1 will hold its second and last Landmarks Committee meeting about the Hughes Corp.’s plans at the the National Museum of the American Indian (the U.S. Custom House, One Bowling Green) on January 5 at 6 p.m.

Read more from the Tribeca Trib and Curbed

by Mai Armstrong for the Working Harbor Committee

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