by Lionel Bascom — July 27th, 2007 — 1 comment
The owners of the Freedom Tower say they are looking for investors who will buy an interest in piece of the most publicized real estate in the world.
The Port Authority of New York and New Jersey said its financial adviser is seeking equity investors interested in buying a stake in the Freedom Tower,” according to the Reuters news service.
Selling all or part of the 1,776-foot (541 metre) skyscraper is not the only option.
The bi-state agency also wants partners that could help it raise capital for the $3 billion project, which might also rely on tax-free Liberty bonds, other project debt, and proceeds from insurance policies taken out on the World Trade Center.
“The Port Authority extended its contract with Jones Lang LaSalle, which will help it identify the “most advantageous structure to achieve the lowest cost of capital and highest risk adjusted return,” according to board documents,” the news agency said.
“In February, the agency, which owns the 16-acre site in Lower Manhattan where the World Trade Center stood until the Sept. 11, 2001 attacks, said real estate companies and hedge funds had expressed interest in buying the Freedom Tower.”
Everything is for sale in America. Even our graveyards.
9:34 PM in Uncategorized, World Trade Center, Related Stories, Freedom Tower News, Politics
When we focus our energy on the almighty dollar, we attach a price to our most precious aspect: our consciousness. However, we have the power to manage this consciousness and therefore, to determine what our future entails.
We humans only use a minute portion of our intellect, but we have the ability to nurture a renaissance and to create a rebirth of the human spirit in this newly constructed enterprise. Hence, organizing events associated with the Freedom Tower provides an excellent opportunity to commence this enlightenment.
I still maintain that the souls who lost their physical lives on 9/11 are still spiritually present at the site. In memoriam, we need to tap into their positive energy and create an intellectual haven at the Freedom Tower site.
It is an honorable act to contribute to the enlightenment of humankind.
Jeanne · July 27th, 2007 at 11:02 pm