Headlines

Owner of World Trade Center seeks damages from airlines

NEW YORK, July 16 (UPI) -- A federal judge in New York is hearing evidence on whether the owner of the World Trade Center can sue the owners of the planes that hit the Twin Towers.
World Trade Center projects becalmed

World Trade Center projects becalmed

NEW YORK, July 25 (UPI) -- A lack of tenants is stalling construction of new office space at Ground Zero in New York, where the World Trade Center towers once dominated the skyline.
World Trade Center building tops out

World Trade Center building tops out

NEW YORK, June 26 (UPI) -- Construction workers said 4 World Trade Center has been topped out at 72 stories, the newest addition to the New York skyline.

Deal reached on Ground Zero development

NEW YORK, March 25 (UPI) -- Officials and developers Thursday announced tentative agreement on a plan to construct two skyscrapers at the site of the Sept. 11, 2001, attacks in New York.

Sept. 11 bodily injury lawsuits allowed

NEW YORK, March 28 (UPI) -- New York City and its contractors aren't immune from bodily injury lawsuits arising from the Sept. 11, 2001, terrorist attacks, a federal court ruled.
World Trade Center reconstruction to begin

World Trade Center reconstruction to begin

NEW YORK, March 13 (UPI) -- Work on two out of three World Trade Center towers at Ground Zero in New York is set to start this week, site developer Larry Silverstein said.

Ground Zero project behind schedule

NEW YORK, Jan. 13 (UPI) -- The Port Authority of New York and New Jersey is racking up costly penalties for missing a deadline to complete preparations at the World Trade Center site.

World Trade Center deal reached

NEW YORK, Sept. 22 (UPI) -- The Port Authority of New York and New Jersey and the developer of the World Trade Center have reached an agreement on rebuilding the iconic site.

First WTC building comes back to life

NEW YORK, May 24 (UPI) -- The first structure erected near where New York's World Trade Center towers stood before being destroyed on Sept. 11, 2001, is a 52-story office building. At the gala opening Tuesday of 7 World Trade Center, developer Larry Silverstein called it a "reflec

Money dispute halts Ground Zero talks

NEW YORK, March 15 (UPI) -- Talks between the New York Port Authority and a developer to rebuild Ground Zero have broken down acrimoniously over financing, reports said Wednesday.

Pataki wants 2nd WTC building soon

NEW YORK, Oct. 16 (UPI) -- New York Gov. George Pataki wants a second office building at Ground Zero to be built as "soon as possible."

Jury awards $2.2 billion in 9/11 insurance

NEW YORK, Dec. 6 (UPI) -- A jury Monday said New York developer Larry Silverstein, who held the commercial lease of the World Trade Center, is entitled to $2.2 billion in insurance.

Court sides with Ground Zero insurers

NEW YORK, May 4 (UPI) -- A federal jury has sided with the largest insurer of New York's World Trade Center, saying the two towers collapsed due to a single event.

$1.3B paid out -- so far -- for 9-11

NEW YORK, Feb. 25 (UPI) -- Here's the first bill for whatever structure finally rises up from Ground Zero at New York City's old World Trade Center site: $1.33 billion.

WTC rebuilding costs soar

NEW YORK, Jan. 30 (UPI) -- The tab for rebuilding the World Trade Center office and retail space in New York has reached almost $7.5 billion, with no funding in sight.
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Wiki

Larry A. Silverstein (born May 30, 1931) is an American billionaire, and real estate investor and developer in New York City. Silverstein was born in Brooklyn, and became involved in real estate, together with his father, establishing Silverstein Properties. Silverstein separated from his partner, Bernard Mendik, in 1977, and bought a number of large office buildings in Midtown and Lower Manhattan in the late 1970s. In 1980, Silverstein won a bid from the Port Authority of New York and New Jersey to construct 7 World Trade Center, to the north of the World Trade Center. Silverstein was interested in acquiring the entire World Trade Center complex, and put in a bid when the Port Authority put it up for lease in 2000. Silverstein won the bid when a deal between the initial winner and the Port Authority fell through, and he signed the lease on July 24, 2001, only weeks before the towers were destroyed in the September 11 attacks.

Soon after the September 11 attacks, Silverstein declared his intent to rebuild, though ran into dispute with his insurers over whether the attacks constituted one or two occurrences. A settlement was reached in 2004, with insurers agreeing to pay out $4.55 billion, which was not as much as Silverstein sought. Silverstein also ran into dispute with other parties in the rebuilding effort, including the Port Authority. In an agreement reached in April 2006, Silverstein retained rights to build three office towers (150 Greenwich Street, 175 Greenwich Street, and 200 Greenwich Street), while the Freedom Tower will be owned by the Port Authority as well as Tower Five which may be leased out to another private developer and redesigned as a residential building.

Silverstein was born in Bedford-Stuyvesant, in Brooklyn in 1931. Growing up, Silverstein enjoyed classical music and played the piano. He attended the High School of Music and Art in New York, and then New York University, graduating in 1952. During college, Silverstein worked at a summer camp, where he met his wife, Klara. The couple married in 1956, and had three children: Lisa, Roger and Sharon. His wife worked as a school teacher, supporting the family on her salary for the first few years of their marriage while Silverstein attended classes at Brooklyn Law School.

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It uses material from the Wikipedia article "Larry Silverstein."
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