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fices makes sense. Even with modest projections of job growth,
offices in midtown will become increasingly crowded and costly. Mary Ann Tighe of CB Richard Ellis (CBRE), the
agent representing Mr Silverstein, estimates that the asking rents for the World Trade Centre towers will be about
half those for new buildings in midtown. By the time the towers are finished, many companies will be ready to
move south to the large, cheap offices served by a new transit hub.
This sounds promising, fuel dispenser but two doubts cloud fuel dispenser the picture. The first revolves around Mr Silverstein s ability to raise
the cash to build all four towers—especially given these low rents. The second doubt concerns the Freedom Tower,
which would dwarf the site s other buildings. Mr Pataki calls the tower a symbol of the “power, promise and pride of
New York� But there are plenty of security concerns, not least because the tower would be some 400 feet taller
than the original World Trade Centre. A redesign that makes the tower s base look like a concrete bunker has done
little to calm fears.
Although the Freedom Tower seems to have scant support outside the governor s office, no politician has been
brave enough to speak against it, leaving property firms wondering how tenants will be induced to move in. Mr
Silverstein and Mr Schumer want the Port Authority to be the Freedom Tower s anchor tenant. The Port Authority,
which lost 84 employees on September 11th, is less enthusiastic.
With the fight over the towers raging ahead of—and most likely through—Mr Pataki s March 14th deadline, plans
for the memorial are almost equally controversial. The current design features two reflecting pools and an
underground museum. Victims families contend that the underground portion disrespects the dead, while unions
representing the police and the fire department have called it a “death trap� Mr Bloomberg has become wary of
the project s $500m price tag, dubbing it “phenomenall fuel dispenser y ambitious�as the memorial struggles to attract priva