Is the WTC Public or Private Property?

Synnical

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Fri Jun-02-06 09:25 PM
Original message

Is the WTC Public or Private Property?

It's owned by the Port Authority of NY and NJ. But a press release from the the agency states, "The agency also owns the 16-acre World Trade Center site in Lower Manhattan. The Port Authority is financially self-supporting and receives no tax revenue from either state."

Source: http://www.panynj.gov/pr/pressrelease.php3?id=471

This came up in a discussion elsewhere regarding whether or not a Christian Cross (ya know, that steel cross) can be displayed on the WTC site.

Just wondering if anyone can provide a definitive answer.

Thanks,
Cindy in Fort Lauderdale

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Stephanie

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Fri Jun-02-06 09:28 PM
Response to Original message

1. Port Authority owns it, Larry Silverstein owns the lease

Edited on Fri Jun-02-06 09:29 PM by Stephanie

Port Authority is joint NY/NJ, has jurisdiction over port, airports and some other property. Silverstein has a long term lease on WTC property.

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Synnical

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Fri Jun-02-06 09:32 PM
Response to Reply #1

2. So it's Public Property, leased to a Corporation?

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Stephanie

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Fri Jun-02-06 09:54 PM
Response to Reply #2

3. link

http://en.wikipedia.org/wiki/Larry_Silverstein

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Synnical

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Fri Jun-02-06 09:58 PM
Response to Reply #3

4. Yeah, I know all that, thanks

Steph, thanks for your effort, doesn't answer my query.

-Cindy

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