Port Authority: WTC name sale 'shameful episode' - Philadelphia News, Weather and Sports from WTXF FOX 29

Port Authority: WTC name sale 'shameful episode'

Posted: Updated:

DAVID PORTER | AP

NEW YORK (AP) — The Port Authority of New York and New Jersey on Wednesday called a deal that sold the World Trade Center's name rights to a nonprofit organization for $10 decades ago "a shameful episode" and vowed to cooperate with an anticipated investigation by New York's attorney general.

A newspaper report this month revealed that the name rights were sold to former Port Authority executive Guy Tozzoli in his role as head of the nonprofit World Trade Centers Association, formed to promote international trade. The Port Authority, which owns the lower Manhattan land where the Twin Towers stood before Sept. 11, 2001, is among more than 300 worldwide members that pay the WTCA a fee to use the words "World Trade Center."

New Jersey Gov. Chris Christie has criticized the deal. New York Gov. Andrew Cuomo said he has referred the matter to state Attorney General Eric Schneiderman to determine whether the WTCA "properly acquired from the Port Authority and developed the exclusive rights to the World Trade Center brand" and whether Tozzoli or others "improperly received the benefit of such intellectual property without right" at the expense of the Port Authority and taxpayers.

At a Port Authority board meeting on Wednesday, executive director Patrick Foye called the contract "a shameful episode," and board chairman David Samson said it appears "troubling." But neither could say with specificity who signed off on it.

The Record newspaper, of Woodland Park, N.J., reported in its initial story on the deal that a board secretary had signed off, and on Wednesday Samson said the original transaction "was approved by a prior board commissioner." Foye said it was approved by Port Authority officers but not by the full board of commissioners. Foye added that the Port Authority's executive director at the time of the deal, Stephen Berger, told him he hadn't signed off on it.

Samson said he had referred the matter to the Port Authority's audit committee and counsel.

"Just off the surface facts, this appears to be troubling," Samson said. "We're going to take a careful look at it."

The World Trade Center had been standing for more than 15 years by the time the rights were sold, and the brand already was valuable, Foye noted. Its value has grown exponentially since the Sept. 11 terror attacks.

The Record reported that in exchange for the Port Authority's use of the trademark on merchandise, which the newspaper estimated could bring the Port Authority up to $28 million annually, the WTCA is requesting free office space worth an estimated $585,000 per year at the rebuilt World Trade Center site.

Tozzoli died in February, and the WTCA said Wednesday that no one there was available to comment.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Manhattan NewsManhattan NewsMore>>

  • Woman wanted for baby snatch attempt in custody

    Woman wanted for baby snatch attempt in custody

    Friday, April 18 2014 9:57 PM EDT2014-04-19 01:57:17 GMT
    Police have taken into custody the woman believed to have tried to push a stroller with a baby inside away from a nanny in Chelsea. Tara Anne McDonald, 46, was being evaluated at a hospital Friday night. The attempted kidnapping occurred on 8th Ave. and 17th St. at about 3:45 p.m. on Thursday, police said.
    Police have taken into custody the woman believed to have tried to push a stroller with a baby inside away from a nanny in Chelsea. Tara Anne McDonald, 46, was being evaluated at a hospital Friday night. The attempted kidnapping occurred on 8th Ave. and 17th St. at about 3:45 p.m. on Thursday, police said.
  • Driver-less cars highlights at NY Auto Show

    Driver-less cars highlights at NY Auto Show

    Friday, April 18 2014 1:46 PM EDT2014-04-18 17:46:00 GMT
    The future is here when it comes to vehicles. The auto industry has packed nearly 1,000 automobiles into the Jacob Javits Center on Manhattan's West Side for the 2014 NY Auto Show.   Among the 'must-sees' is a hydrogen-powered vehicle and a prototype with cameras that allow you to see the ground underneath as you drive over it.
    The future is here when it comes to vehicles. The auto industry has packed nearly 1,000 automobiles into the Jacob Javits Center on Manhattan's West Side for the 2014 NY Auto Show.   Among the 'must-sees' is a hydrogen-powered vehicle and a prototype with cameras that allow you to see the ground underneath as you drive over it.
  • Christians around world mark Good Friday

    Christians around world mark Good Friday

    Friday, April 18 2014 1:34 PM EDT2014-04-18 17:34:50 GMT
    From the Holy Land to the streets of New York City, Christians have commemorated the crucifixion of Jesus Christ in Good Friday prayers and processions. Thousands of Christian pilgrims filled the cobblestone alleyways of the Old City on Friday along the Via Dolorosa, Latin for the "Way of Suffering." In NYC, Timothy Cardinal Dolan and Bishop Nicholas DiMarzio lead followers across the Brooklyn Bridge.
    From the Holy Land to the streets of New York City, Christians have commemorated the crucifixion of Jesus Christ in Good Friday prayers and processions. Thousands of Christian pilgrims filled the cobblestone alleyways of the Old City on Friday along the Via Dolorosa, Latin for the "Way of Suffering." In NYC, Timothy Cardinal Dolan and Bishop Nicholas DiMarzio lead followers across the Brooklyn Bridge.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices