$355 Million World Trade Center Backed by Port Authority Study

March 12, 1961 ·

A World Trade Center in lower Manhattan costing at least $355,000,000 was recommended yesterday by the Port of New York Authority after a year-long study. The center would include a complex of buildings to be built on a sixteen-acre site bounded by Old Slip, Fulton, Pearl and Water Streets and the East River.

The recommendation was made in a report to Governor Rockefeller, Gov. Robert B. Meyner of New Jersey and Mayor Wagner. It noted that the proposed center, “adjacent to the traditional core of world trade activity in lower Manhattan,” would be serviced by subway, railroad, ferry and bus lines.

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