New World Trade Center Tower Draws Investors

Saturday, Apr 24, 2010  |  Updated 12:15 PM EDT
View Comments (
)
|
Email
|
Print
Photos: America Remembers 9/11

Getty Images

Work continues on the World Trade Center site.

advertisement
Photos and Videos
More Photos and Videos

The tower that is the centerpiece of the new World Trade Center is drawing investors who want to buy into the 104-story symbol of New York City's rebirth.

It was once called the Freedom Tower. And at first, some New Yorkers said the city didn't need a massive skyscraper that might again draw terrorists, and would cost a fortune.

But things have changed.

This week, four developers submitted competing offers to the Port Authority of New York and New Jersey for a minority stake and marketing partnership in 1 World Trade Center.

A winner will be picked by June.

More than 1,400 workers are erecting the $3.1 billion building, which is already 240 feet high. The building is set to open in 2013.

The tower's final height — 1,776 feet — symbolizes patriotism.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Follow us on Instagram!
We post photos taken by our news... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out