Afternoon Bulletin: Are WTC Observatory Tickets a Fair Deal?

The Port Auhtority of New York and New Jersey is set to earn $875 million from ticket sales over the next fifteen years.

NEW YORK, NY - MAY 29:  People view the sunrise at the newly built One World Observatory at One World Trade Center on the day it opens to the public on May 29, 2015 in New York City. The observation deck sits atop the 104-story skyscraper at the former site of the Twin Towers and is expected to become one of Manhattan's top tourist attractions.  (Photo by Spencer Platt/Getty Images)
The $32 ticket price for the view remains a mystery (Photo: Spencer Platt/Getty Images).

You can finally shell out a hefty $32 to gaze from the top of One World Trade Center’s observation deck, but the reasons why it costs so much aren’t exactly transparent. The Port Authority of New York and New Jersey, which leases the deck, just made its lease public and turns out every single term of the lease is blacked out—they are set to earn $875 million from ticket sales over the next fifteen years. Tourists in New York may well be getting fleeced, but it’s not the first time that’s happened. (WNYC)

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Afternoon Bulletin: Are WTC Observatory Tickets a Fair Deal?