I don't know. But it could be as simple as the Silverberg model. The WTC was filled with asbestos. NYC was going to condemn it.
NEW YORK--Nearly six years of legal wrangling over the World Trade Center insurance claim ended last week with seven insurers agreeing to pay $2 billion to WTC leaseholder Silverstein Properties Inc.
The $2 billion settlement--which is on top of $2.55 billion already paid by various insurers--resolves all outstanding claims for the buildings destroyed in the Sept. 11, 2001, attacks.
So what is the real reason it went down?
I don't know. But it could be as simple as the Silverberg model. The WTC was filled with asbestos. NYC was going to condemn it.
NEW YORK--Nearly six years of legal wrangling over the World Trade Center insurance claim ended last week with seven insurers agreeing to pay $2 billion to WTC leaseholder Silverstein Properties Inc.
The $2 billion settlement--which is on top of $2.55 billion already paid by various insurers--resolves all outstanding claims for the buildings destroyed in the Sept. 11, 2001, attacks.
https://www.businessinsurance.com/article/20070527/ISSUE01/100022003/silverstein-insurers-settle-wtc-claims
The Champlain building had serious flaws. It was going to cost millions to repair.
https://www.msn.com/en-us/news/us/before-building-collapse-9m-in-repairs-needed/ar-AALuNUF