Menu

U.S.

Dangling NYC crane boom now tethered to high-rise; street is being reopened to traffic

New York City's mayor says the dangling boom of a midtown Manhattan crane damaged in the storm is tethered to the luxury high-rise building.

Mayor Michael Bloomberg said Saturday that officials hope to open 57th Street on Saturday night.

The crane boom collapsed during Superstorm Sandy this week, likely because of heavy winds.

Engineers climbed the 74-story building in the midst of the storm to inspect the crane.

Some neighboring buildings were evacuated, including a hotel with 900 guests.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.26% up 4.24%  
15 Y Fixed Graph 3.27% dw 3.31%  
30 Y Fixed Jumbo Graph 4.59% up 4.57%  
5/1 ARM Graph 3.45% dw 3.66%  
5/1 Jumbo ARM Graph 3.54% up 3.45%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.39% dw 4.47%  
$50K HELOC Graph 4.11% dw 4.17%  
$30K Loan Graph 4.99% dw 5.11%  
$50K Loan Graph 4.40% dw 4.56%  
$75K Loan Graph 4.40% dw 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.91% up 2.87%  
36 M Used Graph 3.44% up 3.35%  
48 M New Graph 3.19% up 3.14%  
48 M Used Graph 2.97% up 2.92%  
60 M New Graph 3.22% up 3.17%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.34% dw 0.35%  
1 yr Graph 0.67% -- 0.68%  
5 yr Graph 1.38% up 1.37%