It turns out that Barry Diller's new $138 million West Chelsea headquarters will be partly funded by the city's Liberty Bonds, which were created to help the city recover from September 11. Diller's InterActiveCorp won approval for $80 million of bonds, aided by promises of job generation. The 30 year-bonds have lower interest rates than banks, saving millions in interest payments and other taxes. This does not surprise us, as, of course, the man behind the Movie of the Week would be smart enough to save some money on his new headquarters.
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