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View Full Version : Larry Silverstein asks for a bailout



Dripping Rain
03-21-2009, 01:22 PM
this filth really has the audacity

The rebuilding of the World Trade Center site, already hobbled by years of delays and infighting, is facing fresh problems as private developer Larry Silverstein asks the government for crucial financial assistance, according to people familiar with the matter.

The result would be that the Port Authority of New York and New Jersey, the government entity that owns the site, would take on more of the risk of the project at a time when the agency already faces budget restraints to pursue its core transportation and infrastructure missions.

The Port Authority, eager to prevent the project from stalling, is considering helping to finance at least one of Mr. Silverstein's planned three office towers, according to people familiar with the matter. Mr. Silverstein is requesting financing help on at least two of the three towers. The Port Authority would require concessions from Mr. Silverstein, including possibly giving up some of upside profits should the towers succeed in the long term.

http://rawstory.com/blog/2009/03/larry-silverstein-asks-for-a-bailout/
anaconda
03-21-2009, 01:29 PM
this filth really has the audacity


http://rawstory.com/blog/2009/03/larry-silverstein-asks-for-a-bailout/

Well, he did get government assistance demolishing his office buildings for politics and insurance fraud. And, he did get governmental assistance in getting the cash payment for the "insurance claim." So why not some more of his buddies' private Federal Reserve liquidity on the back of the taxpayers? Makes perfect sense...
Galileo Galilei
03-21-2009, 01:31 PM
this filth really has the audacity


http://rawstory.com/blog/2009/03/larry-silverstein-asks-for-a-bailout/

Pull It!!
thrillhouse
03-21-2009, 03:27 PM
Didn't he get billions in insurance payments for his lease on the original towers?

This is all about leverage. he knows that the public and politicians are demanding the port authority finish this as quickly as possible. he's got a sweet deal as it is, and now he is looking for more, threatening delays if he doesn't get his way.
anaconda
03-22-2009, 01:25 PM
Thermite is a terrible thing to waste.
Galileo Galilei
03-23-2009, 11:33 AM
this filth really has the audacity


http://rawstory.com/blog/2009/03/larry-silverstein-asks-for-a-bailout/

SWOOSH!!! The magic wand takes down WTC 7 and then prints one trillion dollars!!
Freedom 4 all
03-23-2009, 12:06 PM
Larry Silverstein should get bailed out ... at 20,000 feet with no parachute. Seriosly, he's really smirking in the face of America. We're looking at someone quite likely responsible for treason and he's asking the government for free money.
ihsv
03-23-2009, 12:07 PM
pull it!!

+1000 :d