03.09.2007 12:00 AM
How the Freedom Tower Could Impact on Existing NYC Antenna Sites
David Lombino wrote a recent article in The New York Sun that said, developers Douglas Durst and Anthony Malkin could personally lose "millions of dollars a year" if the Freedom Tower is built.
Durst's 4 Times Square and Malkin's Empire State Building support most of New York City's TV and radio broadcast antennas and both landlords have signed full page advertisements calling the Freedom Tower project "ill-conceived, too expensive, and poorly planned," Lombino said.
Read Durst and Malkin Could Lose Big If Tower is Built
for quotes from MTVA, the organization guiding NYC broadcasters move back to the WTC site on the Freedom Tower; from Malkin, who notes revenues from broadcasters are locked in because they are under long term contracts; and from Jordan Barowitz, a spokesman for the Durst Organization, who says antenna revenue accounts for less than 0.5 percent of the Durst Organization's total revenue.