Authority Seeks Bids for Partner on Tower
The central tower at ground zero, designed to rise to 105 stories, has been characterized by some as a symbol of New York’s resilience, and reviled by others as a white elephant. Now it will pick up a new label: for sale.
The Port Authority of New York and New Jersey wants to sell the skyscraper, the former Freedom Tower, known now by its original name, 1 World Trade Center.
In recent days, the Port Authority has asked a select group of commercial real estate developers and owners to bid for a partnership interest in the $3.2 billion tower, according to a developer who was contacted by the authority.