New YorkPost
The Port Authority has reportedly had talks with the RelatedCos. and also had talks with Brookfield Properties earlier thisyear. Although the Port Authority did not outright deny reports, aRelated Cos. spokesperson tells GlobeSt.com that they are "not surewhere the reports are coming from" and is "not commenting orconfirming." Brookfield Properties did not return GlobeSt.comqueries for comment by deadline.
The Port Authority reportedly wants to find a developer to forma partnership of sorts and that the developer would complete the $3billion tower as opposed to starting from scratch. Hugh Finnegan,an attorney in the real estate group at Sullivan & WorcesterLLP, who is not involved in talks surrounding the Freedom Tower,tells GlobeSt.com that the Port Authority "wants to share the painof the construction and leasing risk."
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