Franklin Pierce
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The 'Ground Zero Mosque' that sparked protests due to its proximity to the World Trade Center site after 9/11 is facing foreclosure for defaulting on a $7.5 million loan.
Developer Sharif El-Gamal's vacant lot at 49-51 Park Place faces repossession, along with his incomplete luxury condo tower at 45 Park Place.
The site garnered national attention when El-Gamal proposed building an Islamic center on the plot, just blocks away from where the twin towers once stood.
Following protests in 2010, the plans were shelved and the developer pivoted to constructing high-end condos.
But court filings state his company has 'repeatedly failed' to make payments, with lender Blueberry Funding requesting permission to foreclose the premises and sell it off.
The vacant lot just blocks from the World Trade Center was due to be turned into an Islamic Center by developed Sharif El-Gamal, sparking furious protests from the families of 9/11 victims
www.dailymail.co.uk
Developer Sharif El-Gamal's vacant lot at 49-51 Park Place faces repossession, along with his incomplete luxury condo tower at 45 Park Place.
The site garnered national attention when El-Gamal proposed building an Islamic center on the plot, just blocks away from where the twin towers once stood.
Following protests in 2010, the plans were shelved and the developer pivoted to constructing high-end condos.
But court filings state his company has 'repeatedly failed' to make payments, with lender Blueberry Funding requesting permission to foreclose the premises and sell it off.
The vacant lot just blocks from the World Trade Center was due to be turned into an Islamic Center by developed Sharif El-Gamal, sparking furious protests from the families of 9/11 victims
'Ground Zero Mosque' faces FORECLOSURE over $7.5million debt
The controversial 'Ground Zero Mosque' at New York's Park Place is set for foreclosure after developers defaulted on a $7.5 million loan, according to court filings.
