WTC Developer Denies Funding Rumors

As New Yorkers continue deal with the lingering effects of the September 11, 2001 attacks (almost 4 and 1/2 years ago!), reconstruction of the World Trade Center site continues to be bogged down in controversy. Larry Silverstein, the developer of the New WTC site, has rebutted a claim made by NYC Mayor Bloomberg and Governor Pataki that he did not have enough money to finish the project, and that he would abandon a partially build structure, while pocketing a $500 million profit.

“That’s totally inaccurate, totally inaccurate,” said Silverstein. The New York Post is reporting that he is completely committed to the project, and that there will be enough funds to rebuild. Silverstein recently made comments that he will not leave the project until every bit of office space lost is rebuilt. Bloomberg wants Silverstein off a few of the buildings in order to create a mixture of retail, hotel and housing that he says is in greater demand. It would put up 700 apartments, but would reduce office space by an estimated 7%.

World Trade Center Tracker: WTC Memorial Foundation, Project Rebirth,
September11news.com, Yahoo! WTC Search

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: