Public-Private Partnerships at the World Trade Center
Key Facts
- One of our senior attorneys has served as the lead Port Authority board member
- This JV involves One World Trade Center
- We are experienced in handling all issues facing both public and private parties in all types of infrastructure arrangements
The Situation
In his role as a commissioner of the Port Authority of New York and New Jersey, one of our senior attorneys has served as the lead Port Authority board member. He represented the board in the selection of a successful bidder and then in the negotiation, structuring, and implementation of multiple public-private partnerships, including the joint venture at One World Trade Center.
The Approach
A 10% interest in One World Trade Center was sold to a developer who became the managing member heading up the leasing and management of the three million-square-foot tower being constructed by the Port Authority. Our attorneys have confronted many issues impacting infrastructure development, including practical, political, and environmental challenges, and in this case, our legal experience enabled us to take a leadership role in the selection and negotiation process.
