According to the NY Times, there's a "front-runner" for the suddenly coveted One World Trade Center. The Times says Douglas Durst is "favored" by the Port Authority Board: "Mr. Durst would invest at least $100 million in 1 World Trade Center," BUT some board members are still undecided. Apparently Durst "proposed a deal in which it would share the risks if leases are signed slowly for 1 World Trade Center, but also get a greater share of the profits if the building is successful," while the other bidder, Related Companies, "is seeking a return for its investment no matter what happens with 1 World Trade Center." An return on investment, who would have thought!
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