World Trade Center Leaseholder Accepts Redevelopment Deal

Whalen, Robert
April 2006
Bond Buyer;4/26/2006, Vol. 356 Issue 32368, p36
Trade Publication
The article reports that the New York City real estate developer Larry A. Silverstein and the Port Authority of New York and New Jersey have agreed on terms to rebuild the World Trade Center, with Silverstein agreeing to take a lesser role in the overall project. The agreement is putting up more than 7 billion dollars project on track for substantial completion by 2012. Under the terms, Silverstein would build the 1,776-foot Freedom Tower and concede control of the skyscraper to Port Authority once completed.


Related Articles

  • Richard Jolley Work Installed at WTC 7.  // Glass Quarterly;Spring2008, Issue 110, p22 

    The article announces that the new work of artist Richard Jolly was chosen to be installed at the World Trade Center 7 building in New York City. The wall-hung piece entitled, Everything in the Cosmos (2006), will be seen at the elevator lobby of the building, first of the structures in the...

  • Rebuilding: A tale of two cities. Schaffner, Karen // Display & Design Ideas;Aug2002, Vol. 14 Issue 8, p58 

    Discusses real estate development in the U.S. Information on the construction project of Brian Leary, vice president of design and development at Atlanta Station Partners LLC, for the Atlanta Station in Georgia; Details of the Atlanta Station project; Background on problems related to the...

  • Property Developer Larry Silverstein Cannot Recover Billions From Airlines For 9/11.  // AirGuide For the Frequent Flyer;8/5/2013, p40 

    The article reports on the decision of U.S. District Court Judge Alvin Hellerstein that property developer Larry Silverstein cannot recover billion of dollars from airlines over destruction of the World Trade Center in New York due to the September 11, 2001 terrorist attack for insurers have...

  • Look at What They've Done. Quindlen, Anna // Newsweek;6/3/2002, Vol. 139 Issue 22, p68 

    Comments on the plans for the site of the destroyed World Trade Center towers in New York City. Opinion that the area resembles a real estate development opportunity more than a mass grave or crime scene; Way in which the author believes the site should become a memorial; Concern that the...

  • World Trade Center. Marks, Andrew // Crain's New York Business;3/17/2008, Vol. 24 Issue 11, p24 

    The article reports on the delay in the construction of World Trade Center in Lower Manhattan, New York City. The challenge before the 16-acre site is to get the buildings up in the face of soaring development costs. Because of rising cost estimates, the Metropolitan Transportation Authority was...

  • The governor takes on Larry.  // Crain's New York Business;7/27/2009, Vol. 25 Issue 30/31, p12 

    The article reports that New York Governor David A. Paterson has waded into the World Trade Center controversy, taking direct charge of negotiations with developer Larry Silverstein over how to break the impasse at the site. He sided directly with his appointees at the Port Authority by saying...

  • $50 million World Trade Center contract to be awarded next month. Ryan, Frances // Caribbean Business;8/24/2006, Vol. 34 Issue 33, p2 

    The article reports that real estate development manager for the Puerto Rico Convention Center District Authority Victor Chaparro has been expecting to sign the multi-million dollar development contract for the new World Trade Center in New York City. The new development team will comprise of...

  • New World Trade Center offers hope for the future. Pallerino, Michael J. // Commercial Construction & Renovation;Jul/Aug2011, Vol. 10 Issue 4, p6 

    The author reflects on the role of the rebuilding activities at the World Trade Center site in reviving the New York City downtown and real estate activity. He gives credit to the 1 World Trade Center as well as the 7 World Trade Center and the new Goldman Sachs headquarters in restoring faith...

  • WESTFIELD BACK AT GROUND ZERO.  // EG: Estates Gazette;1/12/2008, Issue 801, p41 

    The article reports on the development by Westfield of a 488,000 sq. ft. shopping complex at the World Trade Center (WTC), New York, after regaining an interest in the site. The Australian developer has signed a letter of intent with the Port Authority of New York and New Jersey to form a joint...

  • Others want in at WTC site. Satow, Julie // Crain's New York Business;1/30/2006, Vol. 22 Issue 5, p2 

    This article reports that developers are ready to take up New York Mayor Michael Bloomberg on his plan to turn over two of the planned buildings at the World Trade Center site to someone other than leaseholder Larry Silverstein. Publicly, Silverstein insists that he wants to complete rebuilding...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics