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The trade group has asked for a $6.2 million payment to terminate its lease of the building: $5 million that it was supposed to receive from the most recent failed redevelopment efforts, plus the $1.2 million lease termination payment that the Bureau of Government Research had suggested in a report last year.

Clarkson and others, including the nonprofit Bureau of Governmental Research, believe the city should rid itself of largely vacant skyscraper by selling it.

The litigation involving the latest failed bid to redevelop the World Trade Center building has been settled, raising questions about whether the city and trade club will continue with the same approach that they’ve been trying since 1998 to redevelop the building, which remains largely empty.

The head of the New Orleans Building Corp. disagrees with a proposal by the Bureau of Governmental research to sell the city-owned World Trade Center building.

Here’s an option for the New Orleans World Trade Center, a city-owned building that is waiting to be redeveloped after efforts that began more than 10 years ago: Sell it.

Five months after a New York developer backed out of a 99-year lease for the World Trade Center, a watchdog group has issued a report urging the city to sell the building outright rather than pursue what it called another needlessly complex lease with a private investor.

Redeveloping the World Trade Center at the foot of Canal Street could be years away, banking and development experts say, without an unexpectedly brisk turnaround of the global finance market or more public subsidy.

A layer of insurance for the city has been added to the 99-year lease that will transfer control of the World Trade Center into the hands of a private developer.

For the second time in a decade, there is an attempt to convert the World Trade Center building into a hotel, but a
local good government group says that the tax abatements that for which the developer has asked are unreasonable.

For the second time in a decade, there is an attempt to convert the World Trade Center building into a hotel, but a local good government group says that the tax abatements that for which the developer has asked are unreasonable.

The city’s efforts to place the iconic World Trade Center building in the hands of a private developer took yet another detour Thursday, as a government watchdog group took issue with several points in the long-term lease the city hopes to sign this summer.