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World Trade Center Redevelopment Watch

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Officials at Port Authority are trying to sweeten the pot following a $1.2 billion loan guarantee to back 3 WTC by seeking an ownership interest in the privately-developed site. The negotiation is a move to win over critics on the agency's board whose May vote determines if the 80-story tower will rise. The deal may earn a substantial amount of money for the in-need agency—perhaps to the tune of $500 million—but whether officials feel Port Authority should invest in backing private development remains to be sussed out. [Crain's; previously]

3 World Trade Center

175 Greenwich St, New York, NY 10007