WTC Insurance Payout To Larry Silverstein Totals $4.55 Billion
by Jen Chung May 24, 2007 2:35 PM
Developer Larry Silverstein is probably sleeping better: Yesterday, seven insurance companies agreed to pay $2 billion in payments, which brings the total insurance payout to $4.55 BILLION and allows all the constructions projects to move forward with what Governor Eliot Spitzer called "certainty." He also said, "It permits access to the capital markets, it resolves and eliminates one of the outstanding hurdles that had remained and it brings to closure years of litigation."
Silverstein pointed to the progress made at Ground Zero so far, noting how well-received 7 World Trade Center has been, and said about the payout ($4.5 BILLION), "I say from the bottom of my heart, a very, very deep thank you."
https://gothamist.com/news/wtc-insurance-payout-totals-455-billion
WTC Insurance Payout To Larry Silverstein Totals $4.55 Billion by Jen Chung May 24, 2007 2:35 PM
Developer Larry Silverstein is probably sleeping better: Yesterday, seven insurance companies agreed to pay $2 billion in payments, which brings the total insurance payout to $4.55 BILLION and allows all the constructions projects to move forward with what Governor Eliot Spitzer called "certainty." He also said, "It permits access to the capital markets, it resolves and eliminates one of the outstanding hurdles that had remained and it brings to closure years of litigation."
Silverstein pointed to the progress made at Ground Zero so far, noting how well-received 7 World Trade Center has been, and said about the payout ($4.5 BILLION), "I say from the bottom of my heart, a very, very deep thank you." https://gothamist.com/news/wtc-insurance-payout-totals-455-billion
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