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Battery Park City is unique in terms of the land lease. It is because back when they built the World Trade Center, all the dirt and rubble from excavating the site was used as landfill on the west part of the very downtown that is now Battery Park City. The World Trade Center belonged to the Port Authority of NY and NJ. Therefore the landfill, which became the land on which Battery Park City was built, belongs to the Port Authority. So all of Battery Park City is on land lease and that is why the common charges are so high. This does NOT apply to Tribeca. Land lease is rare beyond Battery Park City. There are some Upper West Side buildings that are on landlease, but beyond that there are very, very few buildings in the city for which this applies.
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