While insurance on the former WTC certainly helped, the majority of the cost is being borne by taxpayers via the Port Authority of NY/NJ which is funded by a combination of tax revenue and toll revenue on highways, etc. read more
Immediately after 9/11, a number of prominent leaders–including New York City Mayor Rudolph W. Giuliani and U.S. President George W. Bush–pledged to quickly rebuild the World Trade Center site as an inspiring symbol of American resilience and triumph over terrorism. read more