Construction on the Ronald O. Perelman Performing Arts Center is cruising right along as the sub-levels of the structure are coming together and the steel frame has extended above street level at World Trade Center. The $250 million building is designed by REX Architecture and is being developed by the Port Authority of New York and New Jersey (PANYNJ). The PANYNJ locked down a 99-year lease on the land approved by Governor Andrew Cuomo. The Lower Manhattan Development Corporation (LMDC) has committed $48 million in funding. Completion is expected in 2020 and the below-grade subway lines and PATH 1 train are expected to reopen in October of this year (2018).