A good friend asked me, "How valuable were the WTC buildings? In dollars, what were they worth, and who will bear that loss?" (My business is in the field of commercial real estate.) Appreciating that dollars can never be an appropriate measure of this terrible tragedy, the following may nonetheless be of interest:
July 25, 2001: Leasing of Trade Center May Help Transit Projects, Pataki Says. By RONALD SMOTHERS Source: The New York Times Abstract: Gov George E Pataki, speaking at closing of Port Authority's $3.2 billion deal to lease World Trade Center, NYC, to partnership of Silverstein Properties and Westfield America, says funds from deal could help finance long-stalled Second Avenue subway and plans to provide tunnel access for Long Island Rail Road trains to Grand Central Terminal; hails Port Authority's return to its core mission: transportation; Mayor Rudolph W Giuliani, whose administation has been at odds with Port Authority, does not attend ceremony Lead Paragraph: Gov. George E. Pataki, speaking yesterday at the closing of the $3.2 billion deal to lease the World Trade Center, said the money from the deal could help finance the long-stalled Second Avenue subway and plans to provide tunnel access for Long Islan...
