NEW YORK (CNN) -- A revised design for the signature new tower at the World Trade Center site was made public Wednesday.

The building, dubbed the "Freedom Tower" by New York Gov. George Pataki, will remain 1,776 feet high, making it the world's tallest building and symbolic of the year of American independence.

It will retain a spire, which will emit light and is intended to echo the Statue of Liberty's torch.

But the tower will be more slender and occupy a smaller footprint on the northern end of the 16 acres where the 110-story Twin Towers once stood.

Pataki and New York City Mayor Michael Bloomberg will be joined by WTC developer Larry Silverstein and architect David Childs in presenting the new model at a 10 a.m. news conference on Wall Street, just blocks from Ground Zero.

Pataki ordered Childs to redesign the building after security concerns raised by the New York Police Department.

The police were particularly concerned that the tower's placement adjacent to West Street, a major thoroughfare along the west side of Manhattan, would make it vulnerable to a truck bomb.

Instead of being 25 feet from West Street, the tower will now be set back to an average of 90 feet and its base will be covered in a mixture of materials intended to make it blast-resistant.

To be honest with you, I kind of like what I see there. Its definetly an improvement over the last design, though I'm still torn between the one above and Trump's ideas.

Update:

More pictures here and here.