New World Trade Center Tower Draws Investors

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    Getty Images
    Work continues on the World Trade Center site.

    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.