Court Throws WTC Project In Doubt

Suddenly, a court ruling concerning the insurance payout to the developer of the World Trade Center site has put the entire project in doubt. “Now, barring a lengthy appeals process, it appears that developer Larry Silverstein is a day late and a dollar short of the time and money he needs to build back all 10.5 million square feet of the office space he lost on Sept. 11 according to the Governor’s aggressive plans. And so everyone downtown is buzzing Larry Silverstein is unlikely to be the developer behind most of the office buildings at Ground Zero. Another developer will have to step in. But who has billions of dollars to spend on a spanking new building with no guarantee it will fill up?”