3 World Trade Center
The Port Authority of New York and New Jersey on Wednesday approved an agreement to pay for the completion of the stalled 3 World Trade Center project.
The Port Authority is delaying a vote on 3 World Trade Center to allow time to reach a deal that involves more private funding.
New Jersey Gov. Chris Christie and New York Gov. Andrew Cuomo added their voices Tuesday to those seeking to reform the Port Authority of New York and New Jersey.
The dispute is over whether the agency should back $1.2 billion in loans for 3 World Trade. Developer Larry Silverstein is building the planned $2.3 billion tower on the site.
Developer Larry Silverstein is looking for someone to pre-lease 400,000 square feet in the building. Amid the current financial climate, attracting that kind of tenant has proved challenging.