Silverstein Properties

2 Stories

WTC Developer Sues Airlines for 9/11

Silverstein seeks $12.3B on top of insurance payout

(Newser) - The developer of the World Trade Center is suing airlines and airport security companies for $12.3 billion to cover his 9/11 losses, CNN reports. Larry Silverstein signed a 99-year lease on the site just six weeks before the attacks. He holds the defendants responsible for failing to prevent the...

Ground Zero Excavation Slow, Pricey
Ground Zero Excavation
Slow, Pricey

Ground Zero Excavation Slow, Pricey

NY Port Authority faces millions in penalties on delays

(Newser) - Ground Zero in New York City is a magnet for patriotism, skepticicm and frustration; underground, it continues to be a very costly challenge. Excavation preparatory to rebuilding is moving so woefully slowly that New York's Port Authority has accrued late fees of $300,000 a day since Jan. 1, with...

2 Stories