< 1 min read

Nonprofit (founded by Port Authority exec) bought naming rights to World Trade Center in 1986, for $10; as memorial nears completion, an investigation begins.

"For more than four decades, the World Trade Center — whether standing majestically over lower Manhattan, lying in the ruins of a terrorist attack, or awaiting resurrection in a new form — has been one of the world’s greatest public landmarks. But in a quiet deal nearly 30 years ago, the Port Authority of New York and New Jersey sold off the rights to the iconic buildings’ name to a non-profit organization established by one of its powerful executives. The price was $10." -- Shawn Boburg, The (NJ) Record

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