NEW YORK CITY-The World Trade Center is about to hit great new heights once again. At its April 26 meeting, the Port Authority Board approved an agreement with joint venture partner the Durst Organization to allow a new broadcast facility to be built on top of One World Trade Center, a project that is expected to generate more than $10 million annually.

Durst, which holds a $100 million minority stake in the three-million-square-foot skyscraper, will invest approximately $34 million to create the new broadcast and antenna facility, which will be operated together with its existing facility at 4 Times Square in Midtown.

Jody Durst, president of the Durst Organization, says broadcasting from the top of One World Trade Center is both an “economic and symbolic” achievement. “It’s hard to imagine a more appropriate setting of this state-of-the-art broadcast facility than the pinnacle of the world’s most iconic building,” he says, in a statement. “At the same time, the facility would serve as a source of ongoing revenue for the property.”