80Story 3 World Trade Center to Open After Years of Delays

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9/11/2018 American Press | Monday, June 11, 2018 | A5 80story 3 World Trade Center to open after years of delays BY THE ASSOCIATED PRESS Associated Press In this June 22, 2016, file photo, workers guide a boom pouring concrete on the top floor of 3 World Trade Center in New York. Behind them is One World Trade Center. The new skyscraper opens Monday. NEW YORK — An 80story office building set to open this week at the World Trade Center will be the third completed skyscraper at the site where the twin towers stood. Monday’s ribboncutting for the 1,079foot 3 World Trade Center marks a http://digital.olivesoftware.com/Olive/APA/AmPress/Print.Article.aspx?mode=text&href=AMP%2F2018%2F06%2F11&id=Ar00503 1/2 9/11/2018 American Press | Monday, June 11, 2018 | A5 major step in the rebuilding of the site, stalled for years by disputes among government agencies, trade center developer Larry Silverstein, insurers and 9/11 victims’ family members who wanted the entire site to be preserved for eternity as a memorial. The new $2.7 billion building, designed by Pritzker Prizewinning architect Richard Rogers, has been the fifthtallest building in New York City since construction topped out in 2016. That designation seemed elusive in 2009 when the Port Authority of New York and New Jersey, which owns the trade center site and was battling with Silverstein over costs associated with rebuilding, sought to reduce 3 World Trade to a fourstory “stump.” After arbitration in the dispute between the developer and the property owner, construction started in 2010 but was halted at seven stories due to a lack of financing. The financial situation improved in 2012, Silverstein said. “It was like somebody came to us and said, ‘The curtain has gone up, you can now access this pool of financing.’” The Port Authority’s current executive director, Rick Cotton, joined the agency in 2017 and missed out on the fights with Silverstein. Cotton said the opening of 3 World Trade is “really a major transformative step in the ongoing evolution of the World Trade Center from a construction site to an active, living, breathing campus of office buildings and a memorial.” Three World Trade’s 62foot lobby faces the National Sept. 11 Museum. http://digital.olivesoftware.com/Olive/APA/AmPress/Print.Article.aspx?mode=text&href=AMP%2F2018%2F06%2F11&id=Ar00503 2/2.

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