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Entries in Empire State Building (1)

Wednesday
Apr132011

Empire State Building to Be Publicly Owned?

Jupiterimages/Thinkstotck(NEW YORK) -- People may soon be able to own a piece of New York's Empire State Building.

Citing people familiar with the plan, The New York Times reports that the family behind the 102-story art deco tower is considering starting a publicly traded real estate company that will include the skyscraper.  If approved, the proposal will allow people to purchase stock in the company, and, hence, become a part owner of the famous building.

The new company may also feature other buildings owned by the Malkin family, including some in New York City, Westchester County in New York and Connecticut, according to the Times.

Copyright 2011 ABC News Radio







ABC News Radio