Freedom Towers Move Closer to Occupancy by Federal and State Governments
Both the federal government and New York state government have made efforts toward a commitment to help fill vacancies in New York City's Freedom Tower, the skyscraper to be built at the World Trade Center site. These efforts are needed to make the $2 billion tower financially viable, yet several obstacles remain. If the nonbinding agreements by both government levels evolve into actual leases, the Freedom Tower will be on "stronger financial footing, since the leases can be used as collateral to back construction bonds."
