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Silverstein can't do it alone.(Viewpoint)(Larry Silverstein)
Crain's New York Business, May, 2004
Larry Silverstein's decision to rebuild 7 World Trade Center and construct the Freedom Tower on the actual Ground Zero site is courageous. He is doing so without tenants in hand and with his finances hostage to court decisions on insurance coverage. He has already jump-started the reconstruction of what was destroyed in the Sept.
11 terrorist attack and made a crucial contribution to the city. Nevertheless, following important setbacks in the courts, it is time for Mr. Silverstein and government officials to invite other developers to compete for the right to build the other five office buildings planned for the site. Mr. Silverstein's legal strategy-arguing that the Sept. 11 disaster involved two separate attacks and that he is entitled to twice the...
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