The core of the complex was built between 1975 and 1985, with a cost of $400 million (equivalent to $2.27 billion in 2018). The World Trade Center experienced a fire on February 13, 1975, a bombing on February 26, 1993,and a bank robbery on January 14, 1998. In 1998, the Port Authority decided to privatize the World Trade Center, leasing the buildings to a private company to manage, and awarded the lease to Silverstein Properties in July 2001.
On the morning of September 11, 2001, Al-Qaeda-affiliated hijackers flew two Boeing 767 jets into the North and South Towers within minutes of each other; two hours later, both towers collapsed. The attacks killed 2,606 people in and within the vicinity of the towers, as well as all 157 on board the two aircraft. Falling debris from the towers, combined with fires that the debris initiated in several surrounding buildings, led to the partial or complete collapse of all the buildings in the complex and caused catastrophic damage to ten other large structures in the surrounding area.
The cleanup and recovery process at the World Trade Center site took eight months, during which the remains of the other buildings were demolished. The World Trade Center complex was rebuilt over more than a decade. The site is being rebuilt with six new skyscrapers, while a memorial to those killed in the attacks, a new rapid transit hub, and an elevated park were all opened. One World Trade Center, the tallest building in the Western Hemisphere at 1,776 feet (541 m), is the lead building for the new complex, having been completed in November 2014.