The Port Authority board unanimously voted Thursday to offer 21st Century Fox and News Corp. a modest rent reduction at 2 World Trade Center if a deal is struck for them to move into the proposed tower.
The subsidy package would save the separate Rupert Murdoch-controlled companies a combined present-value $43 million over 30 years — well below the level of public support given to some tenants at 1 WTC and 3 WTC.
Rendering of 2 WTCDBOXBut the PA would enjoy a $500 million-plus cash bonanza over the next four years if Fox and News Corp. sign a lease at 2 WTC, which cannot start construction without anchor tenants.
Much of the PA’s windfall would come from the $300 million to $350 million WTC retail leaseholder Westfield would pay the agency to buy the retail portion of 2 WTC.
The media firms signed a letter of intent last summer with developer Larry Silverstein for 1.3 million square feet in the 2.8-million-square-foot skyscraper designed by Danish architect Bjarke Ingels.
The agreement is nonbinding.
Reps for the PA and for Silverstein hailed the agreement as a breakthrough that would benefit all parties.
Representatives for 21st Century Fox and News Corp., which owns The Post, declined to comment.
