NY Probes Rights Sold to 'World Trade Center'

An official familiar with the investigation says New York is expanding its probe nationwide into the rights to the name "World Trade Center," which were sold for $10 in the 1980s.

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by Associated Press

ALBANY, NY- An official familiar with the investigation says New York is expanding its probe nationwide into the rights to the name "World Trade Center," which were sold for $10 in the 1980s.


That deal has reaped millions of dollars in fees for the nonprofit that acquired the rights.


The official told The Associated Press that letters seeking information on the deals should arrive Monday at World Trade Center complexes in 28 states, from Alaska to Florida. The official spoke on the condition of anonymity because the official wasn't authorized to speak publicly about the probe.


New York Attorney General Eric Schneiderman is investigating a 1986 deal in which the Port Authority of New York and New Jersey sold the rights to an outgoing executive for use by a nonprofit called The World Trade Centers Association.

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