New World Trade Center Tower Draws Investors - NBC New York

New World Trade Center Tower Draws Investors



    Inspiring Stories of Hope
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    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.