WNYC's Bob Hennelly is an award-winning investigative journalist. While at WNYC he has reported on a wide gamut of major public policy questions ranging from immigration and homeland security to power outages and utility mergers.
Chinese Firm to Sign 1st Corporate WTC Tower Lease
Thursday, March 26, 2009
New York, NY —
The Port Authority plans to announce today that it's signed the first commercial tenant for a skyscraper that will go up where the Twin Towers stood. WNYC's Bob Hennelly has more.
REPORTER: Bejing Vantone, a Chinese firm that promotes trade between the US and China, will lease five floors in the tower slated to be up by 2013.
This announcement also marks a subtle re-branding of the beleaguered project. The official paper work no longer makes any reference to the so-called Freedom Tower. Instead it will be simply one World Trade Center.
In addition to the one tenant, the Port Authority expects government agencies to lease a million square feet of the 2.6 million square foot building. Meanwhile behind the scenes, the agency is still negotiating with developer Larry Silverstein on how it can help him finance a portion of his part of the complex. For WNYC I am Bob Hennelly.