Silverstein poised to win stimulus leftovers

Larry Silverstein may be about to receive tens of millions of dollars in federal stimulus leftovers for the construction of his office towers at the World Trade Center. According to the Wall Street Journal, Mayor Michael Bloomberg and Gov. David Paterson are mulling over what to do with the unused incentives from the state’s $555 million allotment from the federal American Recovery and Reinvestment Act of 2009 before their Dec. 31 expiration deadline. Yesterday, a state board moved to allow up to $200 million to go towards financing Silverstein’s towers, though no final decisions have been made. Silverstein has already received more than $1.2 billion in public subsidies for the World Trade Center project. He hadn’t previously applied for the federal stimulus bonds, as Ground Zero isn’t included in any of the zones for which they were originally intended. [WSJ]