NEW YORK CITY-Following reports that an 80-story skyscraper could be capped at the World Trade Center site, Patrick Foye, the new executive director of the Port Authority of New York & New Jersey, told reporters that he expects the tower to be fully completed and leased as originally planned.

“We’re rooting for and betting on Larry Silverstein getting those tenants,” Foye said directly after his address at the New York Building Congress’ annual membership meeting at the Mandarin Oriental Hotel in Midtown. “No one has made any money in this city betting against Larry frankly in the city or the region or at the World Trade Center. I don’t think there’s any news there. He needs a 400,000-square-foot tenant or tenants, and my money is on the fact that he will get it and that’s how it will go forward.”

Foye—who was tapped by Gov. Andrew Cuomo in November 2011 to lead the authority’s five airports, four bridges, two tunnels, three bus terminals, PATH system and ports, will also provide oversight over the World Trade Center redevelopment. Foye said he expects all 80 stories of Three World Trade Center to go up on-time with a large-scale anchor tenant.