NEW YORK CITY-Patrick Foye, the new executive director of the Port Authority of New York and New Jersey, caught up with reporters after Thursday’s Real Estate Board of New York luncheon to talk about the new antenna at One World Trade Center, infrastructure progress and why Wall Street cuts won’t affect leasing efforts at the WTC. Here’s what’s on his agenda:

Q: Tell us about the TV antennas.

Foye: It’s a good thing for the viewing and listening public, and a good thing for One World Trade Center. It’s going to be a private maximizer, and we are very excited about the opportunity.

Q: The height of the building makes a difference here, right?

Foye: Of course. The higher you are, the better reception. We’re going to have the highest building in New York City and the highest building on the East Coast and we think that’ll be a real attraction for both TV broadcasters and radio broadcasters.

Q: What are you hearing from local broadcasters? Will this be in co-existence with the Empire State Building?

Foye: There’s plenty of business to go around. Real estate leaders are naturally competitive. We think we are going to have from an antenna point of view a superlative opportunity. We think it is going to be a good thing for One World Trade Center in terms of revenue and profit, but it’s also going to be a good thing for everybody who watches TV and listens to the radio in the Tri-State area.

Q: Have you had conversations with the networks?

Foye: We think there’s a great deal of interest in recent activity and we think it is going to be a big money maker for One World Trade Center.

Q: When will it be launched?

Foye: I’m not going to commit to a date, but I’ll defer to the governor’s office in terms of making an announcement. But we are getting closer to that date.

Q: With the top ironwork at One WTC, did you lose time in January?

Foye: Yeah, we lost time because of weather. There’s strict protocol. The first priority when building the building and the first priority of everything that Port Authority does, is public safety, employee safety and customer safety. When the wind gets 30 miles per hour on the ground, it’s usually at a higher rate on the 93rd floor. We stopped erection, and those protocols were honored. We report to our board of commissioners on safety at the World Trade Center and we have lost a couple of days. We expect with the unseasonably warm weather we’re going to be able to catch up, so we feel pretty good about where we are.

Q: What’s the leasing status at One WTC, and will job cuts in the financial services sector impact office space at the site?

Foye: Everyone on the panel agreed that New York City and New York State are leveraged to Wall Street, by which I mean they are reliant on Wall Street employment, Wall Street tax revenues, sales taxes, jobs – both direct and indirect. Wall Street is an important industry. Wall Street, on the other hand, over 250 years, has experienced peaks and valleys. That’s the nature of the financial services industry. Wall Street and the financial services industry is going to be a critical industry to this city, state and region for New York and New Jersey both for a long time. Frankly everybody who cares about the health and prosperity of the region ought to be rooting for Wall Street recovery for job creation. I think Governor Cuomo is focused on diversifying the economy throughout the entire state. I think that’s a smart thing to do in terms of diversification. We’re rooting for a recovery. From the point of view of One World Trade Center, we are in the happy situation of construction is not going to be completed until the fourth quarter of ’13 or the first quarter of ’14, and we are nearly 60% leased. That’s an enviable position to be in. And the other thing, frankly, is we are in a market in which rents for class A space in Manhattan are creeping upwards. We think with respect to the space we yet have to lease, that will benefit the profitability of One World Trade Center. So we and the Durst Organization are not counting our chickens yet, but I think the fact that there’s been so much progress made on leasing and what appears to be an improving rent market for class A space, is something we feel pretty good about.

Q: Will there be any significant deals by the end of the year?

Foye: There are significant deals being worked and talked about all the time. That’s tomorrow’s story.

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