Posted Jan 29, 2016, 6:00 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,914
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Quote:
Originally Posted by Urbannizer
With Fox dropping their plans to relocate to 2 WTC, I assume it also somewhat pushes back when this one will come to fruition.
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This one is more in the Port Authority's hands. They will either sell the land to a developer to build on or lease it like they have done with Silverstein...
http://therealdeal.com/2015/10/29/wt...stment-report/
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...The report also points out a number of anticipated future revenues that the agency will rake in, including between $800 million and $1 billion for the sale or lease of the 5 World Trade Center development site,
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http://www.crainsnewyork.com/article...inally-pay-off
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...The Port Authority will be able to recoup the money it will pour into the site from several sources, the Rudin Center said. Among them is the sale of the final development parcel at the site, 5 WTC, which could generate hundreds of millions of dollars for the agency.
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