Having distributed its funds, the LMDC in July 2006 announced plans to dissolve and transfer its responsibilities to other existing agencies and foundations, including the W.T.C.

However a settlement following the fire at the Deutsche Bank Building allowed them funding for future projects including the West Thames Street pedestrian bridge.

[6] The LMDC was funded through the disbursement of Community Development Block Grants-amounting to $2.783 billion—approved by the federal government in the aftermath of the 9/11 attacks and resultant destruction of much of lower Manhattan's economic and structural base.

It was not listed in the New York State Authorities Budget Office's 2018 annual report, but remains in operation as of 2019 as plans for the future 5 World Trade Center continued to develop.

[8] Former Attorney General Democrat Eliot Spitzer became governor in 2007, rethought his condemnation, and announced a "reinvigorated LMDC" that would continue the revitalization of Lower Manhattan.