Officials in New York have selected Daniel Libeskind's design as the plan that will take shape at the World Trade Center site.

The competition was recently narrowed down to Libeskind's proposal and one put together by the THINK team. Libeskind is familiar with dealing with tragic events through architecture with his work on the Jewish Museum Berlin.

The new development would put New York City back on top as the home of the tallest building in the world. The 1776 foot tall spire would symbolize the Declaration of Independence. Now the question of financing will become the issue as nervous investors will need to be convinced that these buildings will not suffer the same fate as their predecessor.