World Trade Center (Stephenverse)

World Trade Center is a large complex of seven buildings in the Financial District of Lower Manhattan, New York City, United States. It opened on April 4, 1973, At the time of their completion, the Twin Towers—the original 1 World Trade Center (the North Tower), at 1,368 feet (417 m); and 2 World Trade Center (the South Tower), at 1,362 feet (415.1 m)—were the tallest buildings in the world. Other buildings in the complex included the Marriott World Trade Center (3 WTC), 4 WTC, 5 WTC, 6 WTC, and 7 WTC. The complex contained 13,400,000 square feet (1,240,000 m2) of office space.

The core complex was built between 1966 and 1975, at a cost of $400 million (equivalent to $2.27 billion in 2021). During its existence, the World Trade Center experienced several major incidents, including a fire on February 13, 1975, a bombing on February 26, 1993, and a bank robbery on January 14, 1998. In 1998, the Port Authority of New York and New Jersey decided to privatize it by leasing the buildings to a private company to manage. It awarded the lease to Silverstein Properties in July 2001.

The World Trade Center is an icon of New York City. It had a major role in popular culture and according to one estimate was depicted in 886 films.

Site
The western portion of the World Trade Center site was originally under the Hudson River. The shoreline was in the vicinity of Greenwich Street, which is closer to the site's eastern border. It was on this shoreline, close to the intersection of Greenwich and the former Dey Street, that Dutch explorer Adriaen Block's ship, Tyger, burned to the waterline in November 1613, stranding him and his crew and forcing them to overwinter on the island. They built the first European settlement in Manhattan. The remains of the ship were buried under landfill when the shoreline was extended beginning in 1797 and was discovered during excavation work in 1916. The remains of a second eighteenth-century ship were discovered in 2010 during excavation work at the site. The ship, believed to be a Hudson River sloop, was found just south of where the Twin Towers stood, about 20 feet (6.1 m) below the surface.

Later, the area became New York City's Radio Row, which existed from 1921 to 1966. The neighborhood was a warehouse district in what is now Tribeca and the Financial District. Harry Schneck opened City Radio on Cortlandt Street in 1921, and eventually, the area held several blocks of electronics stores, with Cortlandt Street as its central axis. The used radios, war surplus electronics (e.g., AN/ARC-5 radios), junk, and parts were often piled so high they would spill out onto the street, attracting collectors and scroungers. According to a business writer, it also was the origin of the electronic component distribution business.

Establishment of World Trade Center
The idea of establishing a World Trade Center in New York City was first proposed in 1943. The New York State Legislature passed a bill authorizing New York Governor Thomas E. Dewey to begin developing plans for the project,[16] but the plans were put on hold in 1949.[17] During the late 1940s and 1950s, economic growth in New York City was concentrated in Midtown Manhattan. To help stimulate urban renewal in Lower Manhattan, David Rockefeller suggested that the Port Authority build a World Trade Center there.[18]

Plans for the use of eminent domain to remove the shops in Radio Row bounded by Vesey, Church, Liberty, and West Streets began in 1961 when the Port Authority of New York and New Jersey was deciding to build the world's first world trade center. They had two choices: the east side of Lower Manhattan, near the South Street Seaport; or the west side, near the Hudson and Manhattan Railroad (H&M) station, Hudson Terminal.[19] Initial plans, made public in 1961, identified a site along the East River for the World Trade Center.[20] As a bi-state agency, the Port Authority required approval for new projects from the governors of both New York and New Jersey. New Jersey Governor Robert B. Meyner objected to New York getting a $335 million project.[21] Toward the end of 1961, negotiations with outgoing New Jersey Governor Meyner reached a stalemate.

At the time, ridership on New Jersey's H&M Railroad had declined substantially from a high of 113 a million riders in 1927 to 26  million in 1958 after new automobile tunnels and bridges had opened across the Hudson River.[23] In a December 1961 meeting between Port Authority director Austin J. Tobin and newly elected New Jersey Governor Richard J. Hughes, the Port Authority offered to take over the H & M Railroad. They also decided to move the World Trade Center project to the Hudson Terminal building site on the west side of Lower Manhattan, a more convenient location for New Jersey commuters arriving via PATH.[22] With the new location and the Port Authority's acquisition of the H&M Railroad, New Jersey agreed to support the World Trade Center project.[24] As part of the deal, the Port Authority renamed the H&M "Port Authority Trans-Hudson", or PATH for short.

To compensate Radio Row business owners for their displacement, the Port Authority gave each business $3,000, without regard to how long the business had been there or how prosperous it was.[26] The Port Authority began purchasing properties in the area for the World Trade Center by March 1965,[27] and demolition of Radio Row began in March 1966. It was completely demolished by the end of the year.

Approval was also needed from New York City Mayor John Lindsay and the New York City Council. Disagreements with the city centered on tax issues. On August 3, 1966, an agreement was reached whereby the Port Authority would make annual payments to the City in lieu of taxes for the portion of the World Trade Center leased to private tenants.[30] In subsequent years, the payments would rise as the real estate tax rate increased.

Design, construction, and criticism
On September 20, 1962, the Port Authority announced the selection of Minoru Yamasaki as lead architect and Emery Roth & Sons as associate architects.[32] Yamasaki devised the plan to incorporate twin towers. His original plan called for the towers to be 80 stories tall but to meet the Port Authority's requirement for 10,000,000 square feet (930,000 m2) of office space, the buildings would each have to be 110 stories tall.

Yamasaki's design for the World Trade Center, unveiled to the public on January 18, 1964, called for a square plan approximately 208 feet (63 m) in dimension on each side. The buildings were designed with narrow office windows 18 inches (46 cm) wide, which reflected Yamasaki's fear of heights as well as his desire to make building occupants feel secure. His design included building facades clad in aluminum-alloy. The World Trade Center was one of the most striking American implementations of the architectural ethic of Le Corbusier and was the seminal expression of Yamasaki's gothic modernist tendencies. He was also inspired by Arabic architecture, elements of which he incorporated in the building's design, having previously designed Saudi Arabia's Dhahran International Airport with the Saudi Binladin Group.

A major limiting factor in building height is the issue of elevators; the taller the building, the more elevators are needed to service it, requiring more space-consuming elevator banks. Yamasaki and the engineers decided to use a new system with two "sky lobbies"—floors where people could switch from a large-capacity express elevator to a local elevator that goes to each floor in a section. This system, inspired by the local-express train operation used in New York City's subway system, allowed the design to stack local elevators within the same elevator shaft. Located on the 44th and 78th floors of each tower, the sky lobbies enabled the elevators to be used efficiently. This increased the amount of usable space on each floor from 62 to 75 percent by reducing the number of elevator shafts. Altogether, the World Trade Center had 95 express and local elevators.

The structural engineering firm Worthington, Skilling, Helle & Jackson worked to implement Yamasaki's design, developing the framed-tube structural system used in the twin towers. The Port Authority's Engineering Department served as foundation engineers, Joseph R. Loring & Associates as electrical engineers, and Jaros, Baum & Bolles (JB&B) as mechanical engineers. Tishman Realty & Construction Company was the general contractor on the World Trade Center project. Guy F. Tozzoli, director of the World Trade Department at the Port Authority, and Rino M. Monti, the Port Authority's Chief Engineer, oversaw the project. As an interstate agency, the Port Authority was not subject to the local laws and regulations of the City of New York, including building codes. Nonetheless, the World Trade Center's structural engineers ended up following draft versions of New York City's new 1968 building codes.

The framed-tube design, introduced in the 1960s by Bangladeshi-American structural engineer Fazlur Rahman Khan, was a new approach that allowed more open floor plans than the traditional design that distributed columns throughout the interior to support building loads. Each of the World Trade Center towers had 236 high-strength, load-bearing perimeter steel columns which acted as Vierendeel trusses. The perimeter columns were spaced closely together to form a strong, rigid wall structure, supporting virtually all lateral loads such as wind loads, and sharing the gravity load with the core columns. The perimeter structure containing 59 columns per side was constructed with extensive use of prefabricated modular pieces, each consisting of three columns, three stories tall, connected by spandrel plates. The spandrel plates were welded to the columns to create the modular pieces off-site at the fabrication shop.[51] Adjacent modules were bolted together with the splices occurring at mid-span of the columns and spandrels. The spandrel plates were located at each floor, transmitting shear stress between columns, allowing them to work together in resisting lateral loads. The joints between modules were staggered vertically so that the column splices between adjacent modules were not on the same floor. Below the 7th floor to the foundation, there were fewer, wider-spaced perimeter columns to accommodate doorways.

The core of the towers housed the elevator and utility shafts, restrooms, three stairwells, and other support spaces. The core of each tower was a rectangular area 87 by 135 feet (27 by 41 m) and contained 47 steel columns running from the bedrock to the top of the tower. The large, column-free space between the perimeter and core was bridged by prefabricated floor trusses. The floors supported their own weight as well as live loads, providing lateral stability to the exterior walls and distributing wind loads among the exterior walls. The floors consisted of 4-inch (10 cm) thick lightweight concrete slabs laid on a fluted steel deck. A grid of lightweight bridging trusses and main trusses supported the floors. The trusses connected to the perimeter at alternate columns and were on 6 foot 8 inch (2.03 m) centers. The top chords of the trusses were bolted to seats welded to the spandrels on the exterior side and a channel welded to the core columns on the interior side. The floors were connected to the perimeter spandrel plates with viscoelastic dampers that helped reduce the amount of sway felt by building occupants.

Hat trusses (or "outrigger trusses") located from the 107th floor to the top of the buildings were designed to support a tall communication antenna on top of each building. Only 1 WTC (north tower) actually had an antenna fitted; it was added in 1978. The truss system consisted of six trusses along the long axis of the core and four along the short axis. This truss system allowed some load redistribution between the perimeter and core columns and supported the transmission tower.

The framed-tube design, using steel core and perimeter columns protected with sprayed-on fire-resistant material, created a relatively lightweight structure that would sway more in response to the wind compared to traditional structures, such as the Empire State Building that have thick, heavy masonry for fireproofing of steel structural elements. During the design process, wind tunnel tests were done to establish design wind pressures that the World Trade Center towers could be subjected to and structural response to those forces. Experiments also were done to evaluate how much sway occupants could comfortably tolerate; however, many subjects experienced dizziness and other ill effects. One of the chief engineers Leslie Robertson worked with Canadian engineer Alan G. Davenport to develop viscoelastic dampers to absorb some of the sways. These viscoelastic dampers, used throughout the structures at the joints between floor trusses and perimeter columns along with some other structural modifications, reduced the building sway to an acceptable level.

Construction
In March 1965, the Port Authority began acquiring property at the World Trade Center site. Demolition work began on March 21, 1966, to clear thirteen square blocks of low rise buildings in Radio Row for its construction. Groundbreaking for the construction of the World Trade Center took place on August 5, 1966.

The site of the World Trade Center was located on filled land with the bedrock located 65 feet (20 m) below. To construct the World Trade Center, it was necessary to build a "bathtub" with a slurry wall around the West Street side of the site, to keep water from the Hudson River out. The slurry method selected by the Port Authority's chief engineer, John M. Kyle, Jr., involved digging a trench, and as excavation proceeded, filling the space with a "slurry" mixture composed of bentonite and water, which plugged holes and kept groundwater out. When the trench was dug out, a steel cage was inserted and concrete was poured in, forcing the "slurry" out. It took fourteen months for the slurry wall to be completed. It was necessary before the excavation of material from the interior of the site could begin.[61] The 1,200,000 cubic yards (920,000 m3) of excavated material were used (along with other fill and dredge material) to expand the Manhattan shoreline across West Street to form Battery Park City.[62][63]

In January 1967, the Port Authority awarded $74 million in contracts to various steel suppliers.[64] Construction work began on the North Tower in August 1968, and construction on the South Tower was under way by January 1969.[65] The original Hudson Tubes, which carried PATH trains into Hudson Terminal, remained in service during the construction process until 1971, when a new station opened.[66] The topping out ceremony of 1 WTC (North Tower) took place on December 23, 1970, while 2 WTC's ceremony (South Tower) occurred on July 19, 1971.[65] Extensive use of prefabricated components helped to speed up the construction process, and the first tenants moved into the North Tower in December 15, 1970, while it was still under construction,[67][4] while the South Tower began accepting tenants in January 1972.[68] When the World Trade Center twin towers were completed, the total costs to the Port Authority had reached $900 million.[69] The ribbon cutting ceremony took place on April 4, 1973.[70]

In addition to the twin towers, the plan for the World Trade Center complex included four other low-rise buildings, which were built in the early 1970s. The 47-story 7 World Trade Center building was added in the 1980s, to the north of the main complex. Altogether, the main World Trade Center complex occupied a 16-acre (65,000 m2) superblock.

Criticism
Plans to build the World Trade Center were controversial. Its site was the location of Radio Row, home to hundreds of commercial and industrial tenants, property owners, small businesses, and approximately 100 residents, many of whom fiercely resisted forced relocation. A group of affected small businesses sought an injunction challenging the Port Authority's power of eminent domain. The case made its way through the court system to the United States Supreme Court; it refused to hear the case.

Private real-estate developers and members of the Real Estate Board of New York, led by Empire State Building owner Lawrence A. Wien, expressed concerns about this much "subsidized" office space going on the open market, competing with the private sector, when there was already a glut of vacancies.[76] The World Trade Center itself was not rented out completely until after 1979 and then only because the complex's subsidy by the Port Authority made rents charged for its office space cheaper than those for comparable space in other buildings. Others questioned whether the Port Authority should have taken on a project described by some as a "mistaken social priority".

The World Trade Center's design aesthetics attracted criticism from the American Institute of Architects and other groups. Lewis Mumford, author of The City in History and other works on urban planning, criticized the project, describing it and other new skyscrapers as "just glass-and-metal filing cabinets". The Twin Towers were described as looking similar to "the boxes that the Empire State Building and the Chrysler Building came in". Many disliked the twin towers' narrow office windows, which were only 18 inches (46 cm) wide and framed by pillars that restricted views on each side to narrow slots.[36] Activist and sociologist Jane Jacobs argued the waterfront should be kept open for New Yorkers to enjoy.

Some critics regarded the trade center's "superblock", replacing a more traditional, dense neighborhood, as an inhospitable environment that disrupted the complicated traffic network typical of Manhattan. For example, in his book The Pentagon of Power, Lewis Mumford denounced the center as an "example of the purposeless giantism and technological exhibitionism that are now eviscerating the living tissue of every great city".

Complex
The World Trade Center complex housed more than 430 companies that were engaged in various commercial activities. On a typical weekday, an estimated 50,000 people worked in the complex and another 140,000 passed through as visitors. The complex hosted 13,400,000 square feet (1,240,000 m2) of office space, and was so large that it had its own zip code: 10048. The towers offered expansive views from the observation deck atop the South Tower and the Windows on the World restaurant on top of the North Tower. The Twin Towers became known worldwide, appearing in numerous movies and television shows as well as on postcards and other merchandise. It became a New York icon, in the same league as the Empire State Building, the Chrysler Building, and the Statue of Liberty. The World Trade Center was compared to Rockefeller Center, which David Rockefeller's brother Nelson Rockefeller had developed in midtown Manhattan.

North and South Towers
One World Trade Center and Two World Trade Center, commonly referred to as the Twin Towers, were designed by architect Minoru Yamasaki as framed tube structures, which provided tenants with open floor plans, uninterrupted by columns or walls.[90][91] They were the main buildings of the World Trade Center.[65] Construction of the North Tower at One World Trade Center began in 1966 with the South Tower at Two World Trade Center.[92] When completed in 1972, 1 World Trade Center became the tallest building in the world for two years, surpassing the Empire State Building after its 40-year reign. The North Tower stood 1,368 feet (417 m) tall[92] and featured a 362 foot (110 m) telecommunications antenna or mast that was built on the roof in 1978. With this addition, the highest point of the North Tower reached 1,730 feet (530 m).[93] Chicago's Sears Tower, finished in May 1973, reached 1,450 feet (440 m) at the rooftop.

South Tower lobby interior, overlooking the elevator core and red carpet from the balcony, October 1988 When completed in 1973, the South Tower became the second tallest building in the world at 1,362 feet (415 m). Its rooftop observation deck was 1,362 ft (415 m) high and its indoor observation deck was 1,310 ft (400 m) high. Each tower stood over 1,350 feet (410 m) high, and occupied about 1 acre (4,000 m2) of the total 16 acres (65,000 m2) of the site's land. During a press conference in 1973, Yamasaki was asked, "Why two 110-story buildings? Why not one 220-story building?" His tongue-in-cheek response was: "I didn't want to lose the human scale."

Throughout their existence, the twin towers had more floors (at 110) than any other building.[93] Their floor counts were not matched until the construction of the Sears Tower, and they were not surpassed until the construction of the Burj Khalifa, which opened in 2010.[96][97] Each tower had a total mass of around 500,000 tons.

Austin J. Tobin Plaza
The original World Trade Center has a massive, five-acre plaza which all of the buildings in the complex, including the Twin Towers, centered around. In 1982, the immense plaza between the twin towers was renamed after the man who authorized the construction of the original World Trade Center. Port Authority's late chairman, Austin J. Tobin. During the summer, the Port Authority installed a portable stage, typically backed up against the North Tower within Tobin Plaza for performers. The odd layout for performances was due to the installation of a sculpture in the center of the plaza, which only allowed for about 6,000 fans. For many years, the Plaza was often beset by brisk winds at ground level owing to the Venturi effect between the two towers. Some gusts were so strong that pedestrians' travel had to be aided by ropes. In 1999, the outdoor plaza reopened after undergoing $12 million in renovations. This involved replacing marble pavers with gray and pink granite stones, adding new benches, planters, new restaurants, food kiosks and outdoor dining areas.

Top of the World observation deck
Although most of the space in the World Trade Center complex was off-limits to the public, the South Tower featured a public observation deck on the 107th floor called Top of the World. After paying an entrance fee, visitors were required to pass through security checks added after the 1993 World Trade Center bombing. They were then sent to the 107th-floor indoor observatory at a height of 1,310 feet (400 m) by a dedicated express elevator.[105] The exterior columns were narrowed to allow 28 inches of window width between them. The Port Authority renovated the observatory in 1995, then leased it to Ogden Entertainment to operate. Attractions added to the observation deck included a theater showing a film of a helicopter tour around the city. The 107th-floor food court was designed with a subway car theme and featured Sbarro and Nathan's Famous Hot Dogs. Weather permitting, visitors could ride two short escalators up from the 107th-floor viewing area to an outdoor platform at a height of 1,377 ft (420 m). On a clear day, visitors could see up to 50 miles (80 km). An anti-suicide fence was placed on the roof itself, with the viewing platform set back and elevated above it, requiring only an ordinary railing. This left the view unobstructed, unlike the observation deck of the Empire State Building.

Windows on the World restaurant
Windows on the World, the restaurant on the North Tower's 106th and 107th floors, opened in April 1976. It was developed by restaurateur Joe Baum at a cost of more than $17 million. As well as the main restaurant, two offshoots were located at the top of the North Tower: Hors d'Oeuvrerie (offered a Danish smorgasbord during the day and sushi in the evening) and Cellar in the Sky (a small wine bar). Windows on the World also had a wine school program run by Kevin Zraly, who published a book on the course.

Windows on the World was closed following the 1993 World Trade Center bombing.[110] When it reopened in 1996, the Greatest Bar on Earth and Wild Blue replaced the original restaurant offshoots.[111] In 2000, its last full year of operation, Windows on the World reported revenues of $37 million, making it the highest-grossing restaurant in the United States.[113] The Sky Dive Restaurant, on the 44th floor of the North Tower, was also operated by Windows on the World.

In its last iteration, Windows on the World received mixed reviews. Ruth Reichl, a New York Times food critic, said in December 1996 that "nobody will ever go to Windows on the World just to eat, but even the fussiest food person can now be content dining at one of New York's favorite tourist destinations". She gave the restaurant two out of four stars, signifying a "very good" quality.[114] In his 2009 book Appetite, William Grimes wrote that, "At Windows, New York was the main course".[115] In 2014, Ryan Sutton of Eater.com compared the now-destroyed restaurant's cuisine to that of its replacement, One World Observatory. He said, "Windows helped usher in a new era of captive audience dining in that the restaurant was a destination in itself, rather than a lazy by-product of the vital institution it resided in."[116]

Other buildings
The World Financial Center and Battery Park City, next to the World Trade Center, were built on reclaimed land. Five smaller buildings stood on the 16-acre (65,000 m2) block.[117] One was the 22-floor hotel, which opened at the southwest corner of the site in 1981 as the Vista Hotel;[118] in 1995, it became the Marriott World Trade Center (3 WTC). Three low-rise buildings (4 WTC, 5 WTC, and 6 WTC), which were steel-framed office buildings, also stood around the plaza.[119] 6 World Trade Center, at the northwest corner, housed the United States Customs Service.[120] 5 World Trade Center was located at the northeast corner above the PATH station, and 4 World Trade Center, located at the southeast corner,[121] housed the U.S. Commodities Exchange. In 1987, construction was completed on a 47-floor office building, 7 World Trade Center, located to the north of the superblock. Beneath the World Trade Center complex was an underground shopping mall. It had connections to various mass transit facilities, including the New York City Subway system and the Port Authority's PATH trains.

One of the world's largest gold depositories was located underneath the World Trade Center, owned by a group of commercial banks. The 1993 bombing detonated close to the vault.

February 13, 1975, fire
On February 13, 1975, a three-alarm fire broke out on the 11th floor of the North Tower. It spread to the 9th and 14th floors after igniting telephone cable insulation in a utility shaft that ran vertically between floors. Areas at the furthest extent of the fire were extinguished almost immediately; the original fire was put out in a few hours. Most of the damage was concentrated on the 11th floor, fueled by cabinets filled with paper, alcohol-based fluid for office machines, and other office equipment. Fireproofing protected the steel and there was no structural damage to the tower. In addition to fire damage on the 9th through the 14th floors, the water used to extinguish the fire damaged a few of the floors below. At that time, the World Trade Center had no fire sprinkler systems.

February 26, 1993, bombing
The first terrorist attack on the World Trade Center occurred on February 26, 1993, at 12:17 p.m. A Ryder truck filled with 1,500 pounds (680 kg) of explosives, planted by Ramzi Yousef, detonated in the underground garage of the North Tower. The blast opened a 100-foot (30 m) hole through five sublevels with the greatest damage occurring on levels B1 and B2 and significant structural damage on level B3. Six people were killed, and 1,042 others were injured in the attacks, some from smoke inhalation. Sheikh Omar Abdel Rahman and four other individuals were later convicted for their involvement in the bombing, while Yousef and Eyad Ismoil were convicted for carrying out the bombing. According to a presiding judge, the conspirators' chief aim at the time of the attack was to destabilize the north tower and send it crashing into the south tower, toppling both landmarks.

Following the bombing, floors that were blown out needed to be repaired to restore the structural support they provided to columns. The slurry wall was in peril following the bombing and loss of the floor slabs that provided lateral support against pressure from Hudson River water on the other side. The refrigeration plant on sublevel B5, which provided air conditioning to the entire World Trade Center complex, was heavily damaged. After the bombing, the Port Authority installed photoluminescent pathway markings in the stairwells. The fire alarm system for the entire complex needed to be replaced because critical wiring and signaling in the original system were destroyed. A memorial to the victims of the bombing, a reflecting pool, was installed with the names of those who were killed in the blast

January 14, 1998, robbery
Looking up at the World Trade Center from Austin J. Tobin Plaza, 1995 In January 1998, Mafia member Ralph Guarino gained maintenance access to the World Trade Center. He arranged a three-man crew for a heist that netted over $2 million from a Brinks delivery to the 11th floor of the North Tower.[9]

Other events
On the morning of August 7, 1974, Philippe Petit performed a high-wire walk between the North and South Towers of the World Trade Center. For his unauthorized feat of 1,312 feet (400 m) above the ground, he rigged a 440-pound (200 kg) cable and used a custom-made 30-foot-long (9.1 m), 55-pound (25 kg) balancing pole. He performed for 45 minutes, making eight passes along the wire. Though Petit was charged with criminal trespass and disorderly conduct, he was later freed in exchange for performing for children in Central Park.

On February 20, 1981, an Aerolíneas Argentinas airliner was guided away by air traffic controllers after radar signals indicated it was on a collision course with the North Tower (1 WTC). The aircraft, which departed from José Joaquín de Olmedo International Airport in Guayaquil, Ecuador, and was scheduled to land at nearby JFK Airport, was flying at a much lower altitude than regulations recommended.

Proposed lease
In 1998, the Port Authority approved plans to privatize the World Trade Center,[144] and in 2001 sought to lease it to a private entity. Bids for the lease came from Vornado Realty Trust, a joint bid between Brookfield Properties Corporation and Boston Properties,[145] and a joint bid by Silverstein Properties and The Westfield Group.[10] Privatizing the World Trade Center would add it to the city's tax rolls[10] and provide funds for other Port Authority projects.[146] On February 15, 2001, the Port Authority announced that Vornado Realty Trust had won the lease for the World Trade Center, paying $3.25 billion for the 99-year lease.[147] Vornado outbid Silverstein by $600 million though Silverstein upped his offer to $3.22 billion. However, Vornado insisted on last-minute changes to the deal, including a shorter 39-year lease, which the Port Authority considered nonnegotiable. Vornado later withdrew and Silverstein's bid for the lease to the World Trade Center was accepted on April 26, 2001, and closed on July 24, 2001.