Transportation

Port’s Lipper: Re-build 3 WTC with Silverstein Money

Port Authority commishes debate to rebuild 3 WTC with public or Silverstein money.

Port Authority commishes debate to rebuild 3 WTC with public or Silverstein money.

April 28, 2014 
By Marc Bussanich

While Gary LaBarbera, president of the Building & Construction Trades Council, rallied and led tradesmen outside the Port Authority’s NY offices last week to call on the Port to spend $1.2 billion in public funds to rebuild the remaining tower at the World Trade Center site, Port commish Ken Lipper said wait, let the developer, Larry Silverstein, get the money from the capital markets as his peers have done to rebuild the tower. But Janno Lieber, president of World Trade Center Properties, said the money the Port would receive by renting and leasing the Tower would provide the Port with the necessary funds to fund future urgent transportation projects. WATCH VIDEO of LIPPER and LIEBER

 

April 27, 2014

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