The tower's construction was partly funded by approximately $1 billion of insurance money that Silverstein received for his losses in the September 11 attacks. The State of New York provided an additional $250 million, and the Port Authority agreed to give $1 billion, which would be obtained through the sale of bonds.
How much did it cost to build the towers?
The critics stated that the Port Authority figure was an unrealistically low estimate, and they estimated the project would end up costing $750 million. By the time the World Trade Center twin towers were ultimately completed, the total costs to the Port Authority had reached $900 million.
How long did it take to build Freedom Tower?
New York City's new One World Trade Center, nicknamed the "Freedom Tower," cost $4 billion and took eight years to build between the start of construction in 2006 and the first tenants moving in 2014.
Why was the Freedom Tower so expensive?
Once known as the Freedom Tower, the 1,776-foot skyscraper sits atop a heavily reinforced, windowless podium. It also has a thick core of concrete and steel around its elevator shafts. By comparison, other-high profile buildings around the world have been far less expensive.
How much money is the Freedom Tower?
|One World Trade Center
|1,776 ft (541.3 m)
|1,792 ft (546.2 m)
When did the construction of the South Tower begin?
Construction of the World Trade Center's North Tower began in August 1968, and the South Tower in 1969. Extensive use of prefabricated components helped to speed up the construction process. The first tenants moved into the North Tower in December 1970 and into the South Tower in January 1972.