3 World Trade Center

News / Press

Port Authority May Sell Parts of Freedom Tower

Port Authority May Sell Parts of Freedom Tower

Sep 21, 2007
By By: New York Sun | New York Sun

In a move that could lessen the state’s ownership stake in the Freedom Tower, the Port Authority of New York and New Jersey is moving forward with a search for possible financial partners for the building

The Port Authority, a state agency that currently is the sole owner of the planned Freedom Tower, yesterday announced it hired Deutsche Bank to perform the work to determine the feasibility of bringing in equity partners.

While the agency has not committed to selling off some or all of the building, the feasibility study marks a clear step in that direction.

“We’re looking at any and all options,” a Port Authority spokesman, Steven Coleman, said.

The Port Authority owns the entire 16-acre site at ground zero, though it is leasing the land for the other three towers to developer Larry Silverstein.


Terms of Use

Copyright License

Use of this Website is subject to the terms of this disclaimer and by using the Website, you agree to these terms. Silverstein Properties, Inc. ("Silverstein") publishes this Website solely for general informational purposes and nothing herein is intended to be an offer of property, or leasehold or goods or services or employment or a representation as to property, or leasehold or goods or services or employment that will be provided to any person. Silverstein obtains some of the information on the Website from third parties and makes reasonable efforts to provide accurate information on the website. However, it cannot guarantee its accuracy and under no circumstances will it be responsible for inaccuracies whether in material provided by Silverstein or obtained from third parties. The information contained herein may change without notice. The information contained herein will only be considered a representation of Silverstein if repeated in a final contract signed by an authorized Silverstein representative.


Silverstein Properties, Inc. grants to you a limited non-exclusive, non-transferable license to view, copy and print the material on this web site (other than the design or layout of this Website) for your non-commercial or personal use only. All copies that you make must retain all copyright and other notices that are on this Website. Otherwise, you may not use, distribute, sell, modify, transmit, revise, reverse engineer, republish, post or create derivative works of the material on this Website without Silverstein Properties, Inc.'s prior written permission in each instance.

© Silverstein Properties, Inc., all rights reserved except as expressly provided elsewhere on this Website.