WTC Incentives Mulled for News Corp., Fox
The government agency rebuilding the World Trade Center is considering giving millions in incentives to News Corp. and 21st Century Fox, who are negotiating a lease at the planned 2 World Trade Center building.
The Port Authority’s agenda for Thursday’s meeting includes a proposal to provide the incentives to the companies, which are effectively controlled by billionaire Rupert Murdoch’s family.
If approved, the concessions would mark a shift from earlier Port Authority declarations that said there would be “no public sector support” for 2 World Trade Center.
The deal calls for the companies to receive a reduction in rental payments valued at $43 million. Officials say some of the money would eventually be repaid by the tenants.
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