The council will lease the building for a peppercorn rent to the CIC for up to two years with the intention that the CIC will raise the funds to purchase it outright.
The lease reportedly contained a provision letting Silverstein off the hook forrent in the event of a terrorist attack, with control reverting to the Port Authority.
While it would be natural for landlords to take back shops they can re-lease, after a brand stops paying rent, the threat of paying tax on empty properties often stops them from doing so.
She advertises that her building has applied for LEED Gold certification and signs a lease with a major tenant who has a corporate mandate to rent space only in LEED Gold facilities.