World Trade Center Observation Deck Operator Selected

Legends Hospitality LLC has been selected to run the observation deck on top of NYC’s One World Trade Center, reports Reuters. Once construction is completed in 2014, One World Trade Center, will be the tallest structure in the Western Hemisphere.

The building sits on land owned by the Port Authority of New York and New Jersey. The governors of the two states, Andrew Cuomo of New York and Chris Christie of New Jersey, made the decision to allow Legends Hospitality to run the observation deck, which will attact an estimated 3.8 million annual visitors. In exchange, the hospitality group will provide $875 million in rent revenue to the Port Authority of New York and New Jersey throughout its 15-year lease.

“Today’s announcement builds on the tremendous progress we have made at the World Trade Center site over the past couple of years and marks the continued rebirth of Lower Manhattan,” Cuomo said via a statement. “The observation deck will add hundreds of jobs in New York and add to the resurgence of the state’s economy.”