Construction Of The World Trade Center

The topping out ceremony of 1 WTC (North Tower) took place on December 23, 1970, while 2 WTC's ceremony (South Tower) occurred later on July 19, 1971. The first tenants moved into the North Tower in December 1970; the South Tower accepted tenants in January 1972. When the World Trade Center twin towers were completed, the total costs to the Port Authority had reached $900 million. The ribbon cutting ceremony was on April 4, 1973.
• Criticism
Plans to build the World Trade Center were controversial. The site for the World Trade Center was the location of Radio Row, home to hundreds of commercial and industrial tenants, property owners, small businesses, and approximately 100 residents, many of whom fiercely resisted forced relocation. A group of small businesses affected filed an injunction challenging the Port Authority's power of eminent domain. The case made its way through the court system to the United States Supreme Court; the Court refused to accept the case.
Private real estate developers and members of the Real Estate Board of New York, led by Empire State Building owner Lawrence A. Wien, expressed concerns about this much "subsidized" office space going on the open market, competing with the private sector when there was already a glut of vacancies. Others questioned whether the Port Authority really ought to take on a project described by some as a "mistaken social priority".