Valdosta Daily Times

Top News

September 19, 2013

Authority director: $10 sale of World Trade Center name rights 'shameful episode’

NEW YORK — 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 story 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.

For more on this story and other local news, subscribe to The Valdosta Daily Times e-Edition, or our print edition

1
Text Only
Top News
  • Obama administration weighs clemency for inmates jailed for 10 years

    The Obama administration is encouraging many nonviolent federal prisoners to apply for early release — and expecting thousands to take up the offer.

    April 24, 2014

  • Earns Facebook_Stew.jpg Facebook 1Q results soar; CFO to step down

    Facebook’s earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street’s expectations thanks to an 82 percent increase in advertising revenue.

    April 24, 2014 1 Photo

  • Georgia Gun Bill_Stew.jpg Gun carry rights expanded in Ga. under new law

    Criticized by one group as the “guns everywhere” bill, Georgia took a big step Wednesday toward expanding where licensed carriers can take their weapons, with the governor signing a law that allows them in bars without restriction and in some churches, schools and government buildings under certain circumstances.

    April 24, 2014 1 Photo

  • Clemson Spring Game F_Stew.jpg Clemson’s Swinney won’t change after complaint

    Clemson coach Dabo Swinney said Wednesday he wouldn’t change procedures after the Freedom From Religion Foundation’s letter of complaint expressing concerns about the football program’s connection to the coach’s Christian religion.

    April 24, 2014 1 Photo

  • Today in History

    In 1800, Congress approved a bill establishing the Library of Congress.

    April 24, 2014

  • Michigan affirmative ban is OK, Supreme Court says

    A state’s voters are free to outlaw the use of race as a factor in college admissions, the Supreme Court ruled Tuesday in a blow to affirmative action that also laid bare tensions among the justices about a continuing need for programs that address racial inequality in America.

    April 23, 2014

  • ‘Piles and piles’ of bodies in South Sudan slaughter

    Gunmen who targeted both children and the elderly left “piles and piles” of bodies — many of those in a mosque — in a provincial capital in South Sudan, the U.N.’s top humanitarian official in the country said Tuesday.

    April 23, 2014

  • Obama_Stew.jpg Obama views mudslide scene

    Swooping over a terrain of great sadness and death, President Barack Obama took an aerial tour Tuesday of the place where more than three dozen people perished in a mudslide last month, then mourned privately with those who lost loved ones in the destruction.

    April 23, 2014 1 Photo

  • Wall Street_Stew.jpg Earnings and corporate deals lift U.S. stocks

    Corporate deals and some solid earnings reports propelled the stock market to its sixth straight gain Tuesday.

    April 23, 2014 1 Photo

  • Economy College Gradu_Stew.jpg Job market for college grads better but still weak

    With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads — a bit.

    April 23, 2014 1 Photo

Top News
Poll

Given the amount of rain recently, what's your favorite “rain” song?

Singing in the Rain
Purple Rain
Have You Ever Seen the Rain?
November Rain
Rainy Night in Georgia
Other
     View Results