Silverstein, Port Authority Approve Deal on WTC Redevelopment Plan

Whalen, Robert
April 2006
Bond Buyer;4/27/2006, Vol. 356 Issue 32369, p36
Trade Publication
The article reports on the approval by Port Authority of New York and New Jersey and developer Larry Silverstein of the plan to redevelop the World Trade Center. The developer accepted the latest terms and conditions with some considerations on minor risk defaults. As agreed, Silvertein will build the Freedom Tower and at completion he will renounce his control of it. The construction of tower 5, designed to be a residential building, was out of the agreement.


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