Cushman’s management contract at the Oculus extended despite woes

Despite a bevy of problems at the Oculus, the Port Authority of New York and New Jersey is sticking with its management company. The agency unanimously voted to extend Cushman & Wakefield’s contract to manage the 16-acre World Trade Center site by one year, the Wall Street Journal reported. It’s the first of three one-year renewal options. The firm will collect $850,000 in annual management fees for the job, with a $50 million budget for

source https://therealdeal.com/2019/12/13/cushmans-management-contract-at-the-oculus-extended-despite-woes/