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NEW YORK (Reuters) - The developer who holds the World Trade Center lease on Wednesday unveiled plans for a new, 52-story skyscraper near where the twin towers once stood, the first office building destroyed in the Sept. 11 attacks to be rebuilt.
The building will replace 7 World Trade Center, which burned to the ground hours after the twin towers fell. The 7 World Trade Center building was safely evacuated.
Real estate developer Larry Silverstein, who leased the World Trade Center shortly before it was destroyed, showed designs for the new building at a ceremony at the site attended by Mayor Michael Bloomberg and New York Gov. George Pataki.
The building, already under construction, is expected to be completed in late 2005 and will have a glass facade.
Rebuilding 7 World Trade Center, which was just north of the twin towers, is only a small part of the overall development envisioned for the 16-acre site.
The most emotional debate centers around what kind of memorial should be built for the attack victims and what else should be constructed. The area is considered a graveyard by many New Yorkers and relatives of the 2,800 people killed.
Silverstein's new building is expected to cost about $700 million.
The project will be paid for with about $800 million in insurance proceeds, he said. If more money is needed, he said, it will be through private financing, likely through the Liberty Bond program designed to help New York recover from the attacks.
The building will replace 7 World Trade Center, which burned to the ground hours after the twin towers fell. The 7 World Trade Center building was safely evacuated.
Real estate developer Larry Silverstein, who leased the World Trade Center shortly before it was destroyed, showed designs for the new building at a ceremony at the site attended by Mayor Michael Bloomberg and New York Gov. George Pataki.
The building, already under construction, is expected to be completed in late 2005 and will have a glass facade.
Rebuilding 7 World Trade Center, which was just north of the twin towers, is only a small part of the overall development envisioned for the 16-acre site.
The most emotional debate centers around what kind of memorial should be built for the attack victims and what else should be constructed. The area is considered a graveyard by many New Yorkers and relatives of the 2,800 people killed.
Silverstein's new building is expected to cost about $700 million.
The project will be paid for with about $800 million in insurance proceeds, he said. If more money is needed, he said, it will be through private financing, likely through the Liberty Bond program designed to help New York recover from the attacks.
