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This is one of those actions that, in retrospect -- a retrospect no one could have anticipated, by the way -- looks like a problematic decision. Goldman Sachs (GS) is set to move into a gleaming, new office tower in Lower Manhattan, adjacent to the World Trade Center/Freedom Tower site.
The $2.3 billion steel-and-glass skyscraper was given a Liberty Bond tax break that allowed it to sell tax-free bonds to support the tower's construction. Liberty Bonds were created following the September 11, 2001 terrorist attack, as a way to help keep large-employer and finance-related companies in Lower Manhattan, Bloomberg News reported Monday.
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