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.