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Freedom Tower Complex To Be Topped in 2008 and Cost $12 Billion

December 18 2003 at 3:01 PM

Rebuilding New York's World Trade Center -- destroyed in the September 11 2001 terrorist attacks -- will take 10 years and cost some 12 billion dollars, leaseholder Larry Silverstein, said Wednesday.
He estimated the redevelopment effort would generate up to 19 billion dollars in economic activity and provide 10,000 construction jobs for each year of the work.
Upon completion, the new trade center complex will have an estimated annual economic impact of 15.7 billion dollars and generate 75,000 full time jobs in Lower Manhattan.
The tower -- to replace the destroyed twin towers that had been a landmark of the Manhattan skyline -- will be topped out at the end of 2008 and the last of four other office towers is slated for completion on 2013.

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