World Trade Center

in #story7 years ago

The World Trade Center was a large complex of seven buildings in Lower Manhattan, New York City, United States. It featured landmark twin towers, which opened on April 4, 1973, and were destroyed as a result of the September 11 attacks in 2001. At the time of their completion, the "Twin Towers"—the original 1 World Trade Center, at 1,368 feet (417 m); and 2 World Trade Center, at 1,362 feet (415.1 m)—were the tallest buildings in the world. The other buildings in the complex included the Marriott World Trade Center (3 WTC), 4 WTC, 5 WTC, 6 WTC, and 7 WTC. All these buildings were built between 1975 and 1985, with a construction cost of $400 million ($2,300,000,000 in 2014 dollars).[4] The complex was located in New York City's Financial District and contained 13,400,000 square feet (1,240,000 m2) of office space.[5][6]

The World Trade Center experienced a fire on February 13, 1975,[7] a bombing on February 26, 1993,[8] and a robbery on January 14, 1998.[9] In 1998, the Port Authority decided to privatize the World Trade Center, leasing the buildings to a private company to manage, and awarded the lease to Silverstein Properties in July 2001.[10]

On the morning of September 11, 2001, Al-Qaeda-affiliated hijackers flew two Boeing 767 jets into the North and South Towers within minutes of each other; two hours later, both had collapsed. The attacks killed 2,606 people in and within the vicinity of the towers, as well as all 157 on board the two aircraft.[11] Falling debris from the towers, combined with fires that the debris initiated in several surrounding buildings, led to the partial or complete collapse of all the other buildings in the complex and caused catastrophic damage to ten other large structures in the surrounding area. The cleanup and recovery process at the World Trade Center site took eight months,[12][13] during which time what remained of the other World Trade Center buildings was demolished.

The World Trade Center complex was rebuilt over a span of more than a decade. The site is being rebuilt with six new skyscrapers, while a memorial to those killed in the attacks and a new rapid transit hub have both opened. One World Trade Center, the tallest building in the United States, is the lead building for the new complex, reaching more than 100 stories[14] upon its completion in November 2014

Before the World Trade Center

The western portion of the World Trade Center site was originally under the Hudson River, with the shoreline in the vicinity of Greenwich Street. It was on this shoreline close to the intersection of Greenwich and the former Dey Street that Dutch explorer Adriaen Block's ship, the Tyger, burned to the waterline in November 1613, stranding Block and his crew and forcing them to overwinter on the island. They built the first European settlement in Manhattan. The remains of the ship were buried under landfill when the shoreline was extended starting in 1797, and were discovered during excavation work in 1916. The remains of a second ship from the eighteenth century were discovered in 2010 during excavation work at the site. The ship, believed to be a Hudson River sloop, was found just south of where the Twin Towers used to stand, about 20 feet below the surface.[16]


Later, the area became Radio Row. New York City's Radio Row, which existed from 1921 to 1966, was a warehouse district on the Lower West Side in the Financial District. Harry Schneck opened City Radio on Cortlandt Street in 1921, and eventually the area held several blocks of electronics stores, with Cortlandt Street as its central axis. The used radios, war surplus electronics (e.g., ARC-5 radios), junk, and parts often piled so high they would spill out onto the street, attracting collectors and scroungers. According to a business writer, it also was the origin of the electronic component distribution business.[17]


The idea of establishing a World Trade Center in New York City was first proposed in 1943. The New York State Legislature passed a bill authorizing New York Governor Thomas E. Dewey to begin developing plans for the project[18] but the plans were put on hold in 1949.[19] During the late 1940s and 1950s, economic growth in New York City was concentrated in Midtown Manhattan. To help stimulate urban renewal in Lower Manhattan, David Rockefeller suggested that the Port Authority build a World Trade Center in Lower Manhattan.[20]


Plans for the use of eminent domain to remove the shops in Radio Row bounded by Vesey, Church, Liberty, and West Streets began in 1961 when the Port Authority of New York and New Jersey was deciding to build the world's first world trade center. They had two choices: the east side of Lower Manhattan, near the South Street Seaport; and the west side, near the H&M station, Hudson Terminal.[21](p56) Initial plans, made public in 1961, identified a site along the East River for the World Trade Center.[22] As a bi-state agency, the Port Authority required approval for new projects from the governors of both New York and New Jersey. New Jersey Governor Robert B. Meyner objected to New York getting a $335 million project.[23] Toward the end of 1961, negotiations with outgoing New Jersey Governor Meyner reached a stalemate.[24]



The Radio Row in 1936, with the Cortlandt Street station in the background, as seen in a photograph by Berenice Abbott

At the time, ridership on New Jersey's Hudson and Manhattan Railroad (H&M) had declined substantially from a high of 113 million riders in 1927 to 26 million in 1958 after new automobile tunnels and bridges had opened across the Hudson River.[25] In a December 1961 meeting between Port Authority director Austin J. Tobin and newly elected New Jersey Governor Richard J. Hughes, the Port Authority offered to take over the Hudson & Manhattan Railroad to have it become the Port Authority Trans-Hudson (PATH). The Port Authority also decided to move the World Trade Center project to the Hudson Terminal building site on the west side of Lower Manhattan, a more convenient location for New Jersey commuters arriving via PATH.[24] With the new location and Port Authority acquisition of the H&M Railroad, New Jersey agreed to support the World Trade Center project.[26] In compensation for Radio Row business owners' displacement, the PANYNJ gave each business $3,000 each, without regard to how long the business had been there or how prosperous the business was.[21](p68) After the area had been purchased for the World Trade Center in March 1964,[27] Radio Row was demolished starting in March 1965.[28] It was completely demolished by 1966.[29]


Approval was also needed from New York City Mayor John Lindsay and the New York City Council. Disagreements with the city centered on tax issues. On August 3, 1966, an agreement was reached that the Port Authority would make annual payments to the City in lieu of taxes for the portion of the World Trade Center leased to private tenants.[30] In subsequent years, the payments would rise as the real estate tax rate increased.[31]

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On a typical weekday 50,000 people worked in the towers[80] with another 200,000 passing through as visitors.[81] The complex was so large that it had its own zip code: 10048.[82] The towers offered expansive views from the observation deck atop the South Tower and the Windows on the World restaurant on top of the North Tower. The Twin Towers became known worldwide, appearing in numerous movies and television shows as well as on postcards and other merchandise, and became seen as a New York icon, in the same league as the Empire State Building, Chrysler Building and the Statue of Liberty.[83]


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https://en.wikipedia.org/wiki/World_Trade_Center_%281973%E2%80%932001%29

Don't forget about insider trading before 9/11, Larry Silverstein changing the insurance on the buildings to include terrorism (just before the attacks), failure of NORAD to act and the idea that somehow, 19 hijackers accomplished this feat using boxcutters even though they were reportedly terrible pilots in the single-engine planes they practiced in for flight school.

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