TITLE

Silverstein, Port Authority Approve Deal on WTC Redevelopment Plan

AUTHOR(S)
Whalen, Robert
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/27/2006, Vol. 356 Issue 32369, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20652132

 

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