Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Home RSS
 
 
 

NJ Gov's office slams WTC naming rights deal

September 9, 2013
Associated Press

TRENTON, N.J. (AP) — The Christie administration has slammed a decades-old deal in which the public agency that owned the World Trade Center sold its naming rights to a nonprofit group for $10.

The Record (http://bit.ly/18QfNCX) reports that a contract shows the Port Authority of New York and New Jersey sold the rights to the World Trade Centers Association in 1986.

The WTCA issued a statement Monday defending the organization and the deal. It says the Port Authority doesn't pay it "any royalty or fee to use the World Trade Center mark to brand the buildings in the New York World Trade Center complex."

But Port Authority invoices obtained by the newspaper the agency has paid the association's $10,000 membership fee — which provides for use of the name — since at least 2001.

___

Information from: The Record (Woodland Park, N.J.), http://www.northjersey.com

 
 

 

I am looking for:
in:
News, Blogs & Events Web