The World Trade Club, formed to promote international trade, occupies 30,000 sf at the Ferry Building in a combination of long-term and month-to-month leases, the largest of which runs until 2004. The port had given the prime tenant until noon Thursday to accept the city's offer of $2.3 million to move out early. WTC did not accept, but rather countered by asking for $3 million cash, up to $2 million in low-interest financing for relocation and free rent from New Year's Day 2001 until termination of the leases.
If a deal is worked out between WTC and the port before the Board of Supervisors take up the port's request Nov. 20, post officials say the resolution can be rescinded.
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