Private vs. Public
7 World Trade Center, destroyed on 9/11/01. Today it is a shining tower that is 80% leased. Top rents are $80 per square foot, well above the $50 per square foot its critics said it would never get.
What is the difference? The former is owned and operated by a private developer, Silverstein Properties. The latter is owned by the Port Authority of New York and
What is the lesson? Draw your own conclusions.