The Real Deal New York

Silverstein the winner in WTC site deal?

May 03, 2006 12:00AM

Larry Silverstein may have gotten the best slice of the World Trade Center site pie. Although, under the deal struck last week, he must give back 38 percent of the 10 million square feet he had rights to at the site, Silverstein gets to build the 1,776-foot Freedom Tower for a fee of at least $21 million. He also gets a large share of the low-interest Liberty Bonds that the federal government authorized to rebuild post-September 11 New York, and he gets to build and manage the most commercially viable towers along Church Street. more [NYO]


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