Durst Invests $34M in New Broadcasting Facility at One WTC

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.