2006_09_freedomtower.jpgAfter months of negotiating and rumors and worries, it's official: The federal and NY State government will lease 1 million square feet in Freeom Tower. The NY Times reports Mayor Michael Bloomberg, NY Governor George Pataki and NJ Governor Jon Corzine will announce the "tentative" agreement for an anchor tenant to occupy 38% of the space today. Some interesting facts:

- The agreement has agencies paying $59/square foot
- Though the Port Authority is happy with the development, it may not approve the building of the tower for many months (yet "construction" of it began months ago)
- Critics are still unhappy with the plan - including other real estate developers and building owners whose downtown buildings aren't getting $59/foot

Stay tuned - there will probably be some sniping to come.