On February 15 , 2001 , the Port Authority announced that Vornado Realty Trust had won the bid for a 99-year lease for the World Trade Center , offering $ 3.25 billion . Silverstein Properties was outbid by $ 30 million by Vornado . However , Vornado balked over lease terms and possible tax liabilities . Silverstein signed a lease for the World Trade Center in April 2001 , 5 months before the September 11 attacks
September 11 attacks
September 11 attacks
Vornado Realty Trust