World Trade Center

Port Authority Delays Vote on 3 WTC Subsidies

A rendering of 3 World Trade Center

The Port Authority of New York & New Jersey has postponed its vote on subsidies for Silverstein Properties3 World Trade Center until at least next month, according to published reports.

As previously reported, Scott Rechler, the vice chairman of the board of commissioners, is advocating a revised financing deal for the office tower. Under the latest proposal, the Port Authority would guarantee Silverstein Properties a $1.2 billion construction loan. At a meeting on Wednesday, Mr. Rechler explained the proposal to the board’s commissioners, which will vote next month, according to Bloomberg News. Read More

Anniversaries

The 1993 World Trade Center Bombing: 20 Years Later

29trade190

When terrorists detonated a monster bomb in the underground parking garage at the World Trade Center’s North Tower on February 26, 1993, it shook the city with seismic strength.

Six people died and 1,042 were injured in the bombing.  But it came before the widespread understanding, blunt as it was, that terrorists wanted to kill Read More