The Durst Organization is negotiating to buy a $100 million equity stake in One World Trade Center, the Port Authority of New York and New Jersey announced Wednesday.

The authority expects to finalize an agreement with the real estate firm within 30 days that will be subject to board approval. The investment would give Durst an approximately 10% stake in the building. The Port Authority owns the site and is developing the 1,776 foot building.

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