FREEDOM TOWER COULD BE SOLD: PA

The Port Authority admits that “all options are on the table” for the Freedom Tower, which the agency is trying to sell to private developers.

On Tuesday, The Post first reported the PA has approached both Brookfield Properties and Related Cos. about possibly unloading part or all of the behind-schedule, $3 billion project.

PA spokesperson Candace McAdams confirmed seeking outside “investors” to Bloomberg News, adding, “We want to make sure we have the best value for the Freedom Tower and downtown. Part of that process is we are in discussions with people. All options are on the table.”

The PA has tried to spin the sale pitch as a “partnership” offering. However, it is unlikely a private development company would assume the risk without also having control of it – which would effectively require buying it.

One possible option is for a developer to take on a management role in the tower while having only a small amount of equity.

But it’s unclear what purpose that would serve for the Freedom Tower, which already has Tishman Construction to build it and Cushman & Wakefield to handle leasing.