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.


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