History: Collapse Of The World Trade Center, September 11, 2001, Lower Manhattan, New York City, United States

Following the bombing, floors that were blown out needed to be repaired to restore the structural support they provided to columns. The slurry wall was in peril following the bombing and loss of the floor slabs that provided lateral support against pressure from Hudson River water on the other side. The refrigeration plant on sublevel B5, which provided air conditioning to the entire World Trade Center complex, was heavily damaged. Subsequent to the bombing, the Port Authority installed photoluminescent markings in the stairwells. The fire alarm system for the entire complex needed to be replaced because critical wiring and signaling in the original system was destroyed. As a memorial to the victims of the bombing of the tower, a reflecting pool was installed with the names of those who had been killed in the blast. However, the memorial was destroyed following the September 11 attacks. Names of the victims of the 1993 bombing are included in the National September 11 Memorial & Museum.
• Lease
In 1998, the Port Authority approved plans to privatize the World Trade Center. In 2001, the Port Authority sought to lease the World Trade Center to a private entity. Bids for the lease came from Vornado Realty Trust, a joint bid between Brookfield Properties Corporation and Boston Properties, and a joint bid by Silverstein Properties and The Westfield Group. By privatizing the World Trade Center, it would be added to the city's tax rolls and provide funds for other Port Authority projects. On February 15, 2001, the Port Authority announced that Vornado Realty Trust had won the lease for the World Trade Center, paying $3.25 billion for the 99-year lease. Vornado outbid Silverstein by $600 million though Silverstein upped his offer to $3.22 billion. However, Vornado insisted on last minute changes to the deal, including a shorter 39-year lease, which the Port Authority considered nonnegotiable. Vornado later withdrew and Silverstein's bid for the lease to the World Trade Center was accepted on April 26, 2001, and closed on July 24, 2001.