Dozens of rescue teams, fire crews, police cars, ambulances and emergency work crews are searching the scene of yesterday's crane collapse in East Manhattan. The area was sealed off from traffic. One person was rescued three hours after the accident.

"Although we lost four lives, there were herculean efforts to save three others," said the incoming governor, Lt. Gov. David Paterson to NY Daily News. "While we would never want these type of tragedies to happen in New York City, this is actually the best-prepared place for this to happen," he said.

Initial reports show that, besides the four dead, the collapse also led to the injuring of several other people. At least 17 people were hurt of whom eight still remained hospitalized Sunday, including three in critical condition. Victims may still be trapped under rubble. According to some sources, between four and eight people are trapped and waiting to be saved. Most of the victims appear to be workers.

A 20-stories-tall crane collapsed Saturday afternoon at a construction site on Manhattan’s East Side. At least four New Yorkers died in the tragic incident according to officials present at the scene. The tall crane actually fell over two buildings situated near the construction site. The exact place of the incident is 303 East 51st Street, near Second Avenue and the time of the collapse was about 2:20 p.m.