Part of the plan would replace the "people movers" which shuttle passengers.
Andrew Wold is also among several parties facing at least two lawsuits from building residents.
The fire was so big it had overtaken both northbound and southbound lanes on the highway, witness Lisa Taormino, who was commuting southbound on I-95 about 20 minutes before it collapsed, told ABC News.
The suit, filed by tenant Dayna Feuerbach, said the owners of the building, Andrew Wold and his companies, "recognized the imminent danger residents faced, yet allowed the building to deteriorate while failing to warn residents that their lives were in danger."
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The project began as a below ground water main improvement project along the busy 9th Avenue corridor between West 50th and West 59th streets and expanded to include a complete redesign and reconstruction of the street level as well.