Port Authority and Larry Silverstein Make Nice, for Now


It looks the endless fight over the actual ground zero (not to be confused with the old Burlington Coat Factory) might be coming to a close and construction might actually finally get under way, about eight years too late. The board of the New York City Port Authority voted to let developer Larry Silverstein build two buildings on the old World Trade Center site as long as he can find some tenants and $300 million in capital. It ends the most recent year-long stalemate.

Earlier this month, the Port Authority finalized a partnership with the Durst Organization to start working on the 1,776-foot tower that will serve as the centerpiece of the site; if all goes according to plan (which hasn’t happened so far), construction will be finished by 2013. If it doesn’t, well, at least we’ll have that mosque thing to bicker about!

W.T.C. Silverstein Deal Finalized, Finally [NYO]