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Calatrava’s St. Nicholas National Shrine at the World Trade Center gets a 198-year lease

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The lease runs until 2215

Almost a year ago, the Santiago Calatrava-designed Saint Nicholas National Shrine at the World Trade Center topped out but it wasn’t until now that the Greek Orthodox Church finally got a formal lease and purchase agreement in place with the Port Authority.

But now, the house of worship has a 198-year lease that runs until July 31, 2215 with an additional 99-year extension and the option to buy the land from Port Authority at any time, reports the New York Post. Rent is set at just $1 per year and the church plans on purchasing the site once construction is complete.

The building has been in the works for many years now. The original structure, once located at 155 Cedar Street, was destroyed on 9/11; it’s been a tedious process to get it rebuilt at its new location at 130 Liberty Street, including litigation against Port Authority after initial negotiations about how redevelopment would proceed resulted in disagreements.

Construction finally began in 2015, and the whole thing—which will sit next to Fritz Koenig’s Sphere, which was recently moved to Liberty Park—is expected to open in fall of 2018.

St. Nicholas National Shrine

130 Liberty Street, New York, NY 10006