The Port Authority on March 25 jointly announced the outline of a development plan for the east side of the World Trade Center site with the states of New York and New Jersey, the City of New York, and Silverstein Properties Inc.
The proposed development plan was presented to the Port Authority Board of Commissioners at its March 25 monthly meeting. It covers issues relating to the financing and construction of three office towers on the east side of the WTC site. Details of the framework are included in a joint statement from the parties that is posted on the Port Authority Web site.
During the next 120 days, the parties will negotiate agreements consistent with the development plan and framework. These agreements will then be presented to the Port Authority Board for final approval.
All other projects at the World Trade Center site, including the 9/11 Memorial, One World Trade Center, the WTC Transportation Hub and other public infrastructure, will continue moving forward. You can view photos and videos of the continuing work on these and other WTC projects at WTCprogress.com.