Port Authority To Revisit Role In 3 WTC Rebuilding

(Wednesday, May 28th, 2014)

ftA month after a vote was delayed, the Port Authority of New York and New Jersey is scheduled to revisit the issue of what role it will play in the rebuilding of the long-delayed 3 World Trade Center tower.

The bistate agency holds its monthly board meeting Wednesday.

On the agenda is a presentation by executive director Pat Foye on the trade center rebuilding. The Port Authority is considering guaranteeing a loan of more than $1 billion for developer Larry Silverstein to help complete the project.

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Last month Port Authority board members were deeply split over what role the agency should have, and whether it should be involved in what one member called a speculative real estate project.

(AP)

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