Silverstein to get control of WTC tower soon

World Trade Center site and developer Larry Silverstein

The Port Authority of New York and New Jersey will turn control of the site for office Tower 2 at the World Trade Center to developer Larry Silverstein in the next few days, Port Authority Director Christopher Ward told the City Council. Once the site has been turned over, the Port Authority will no longer have to pay Silverstein the $300,000 per day it has owed him since it missed a Dec. 31, 2008, completion deadline at the site. But the Port Authority and Silverstein are still in disagreement over the financing of two planned office towers.