NEW YORK CITY-The 1,368 foot Freedom Tower is up for grabs, either partially or completely, according to an article in the New York Post , although the Port Authority tells that they have no comment at this time regarding rumors. An industry source tells that the potential sale is nothing more than risk reallocation.

The Port Authority has reportedly had talks with the Related Cos. and also had talks with Brookfield Properties earlier this year. Although the Port Authority did not outright deny reports, a Related Cos. spokesperson tells that they are “not sure where the reports are coming from” and is “not commenting or confirming.” Brookfield Properties did not return queries for comment by deadline.

The Port Authority reportedly wants to find a developer to form a partnership of sorts and that the developer would complete the $3 billion tower as opposed to starting from scratch. Hugh Finnegan, an attorney in the real estate group at Sullivan & Worcester LLP, who is not involved in talks surrounding the Freedom Tower, tells that the Port Authority “wants to share the pain of the construction and leasing risk.”

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