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NEWS ABOUT: Freedom Tower

Freedom Tower Gets New Name: 1 World Trade Center

Ex-gov blasts decision to rebrand skyscraper

(Newser) - The Freedom Tower is gone, and it hasn’t even been built yet, the New York Daily News reports: The Port Authority announced today that it would change the name of the building being constructed at Ground Zero to 1 World Trade Center. The new, or old, name is “... More »

Merrill Quits Talks to Move to Ground Zero

Financially struggling brokerage backs out of delayed, over-budget project

(Newser) - Years behind schedule and billions of dollars over budget, the project to rebuild Ground Zero took another blow as struggling brokerage Merrill Lynch—projected as an anchor tenant for one of four planned office buildings—ended talks with the Port Authority and developer Larry Silverstein, reports the New York Times. More »

WTC Project Years Behind, Billions Over

Memorial unlikely to be ready for 10th anniversary of 9/11

(Newser) - The problem-plagued World Trade Center rebuilding project will be completed years behind schedule and up to $3 billion over budget, reports the Wall Street Journal. Construction of the various elements of the $15 billion complex—which includes a sprawling 9/11 memorial, office towers, a performing arts center, and a transportation... More »

WTC Blueprints Found in Trash

After huge security breach, vagrant spots documents

(Newser) - A vagrant sifting through a trash can found confidential blueprints for the Freedom Tower, the New York Post reports. Though the documents are not complete, they contain sufficient information, such as the thickness of the building’s concrete core and schematics of the ventilation system, to facilitate a potentially devastating... More »

Ground Zero Excavation Slow, Pricey

NY Port Authority faces millions in penalties on delays

(Newser) - Ground Zero in New York City is a magnet for patriotism, skepticicm and frustration; underground, it continues to be a very costly challenge. Excavation preparatory to rebuilding is moving so woefully slowly that New York's Port Authority has accrued late fees of $300,000 a day since Jan. 1, with... More »

Trade Center Insurance Settled

After 5 years of squabbling, rebuilding can begin in earnest

(Newser) - The five-year battle over insurance claims for the World Trade Center was resolved this afternoon, reports the New York Times. The seven insurers disputing the claims settled; $4.55 billion will go towards rebuilding ground zero, which will accommodate the Freedom Tower and three large office buildings. More »

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