PA will only fund one WTC tower

The
Port Authority of New York and New Jersey said it won’t help finance
more than one of Larry Silverstein’s three planned office towers at the
World Trade Center site. Christopher Ward, the authority’s executive
director, said financing more than one tower would risk public money at
a time when the leasing outlook appears bleak. Ward said the authority
would be willing to finance one tower and then build portions of the
other two that would allow retail on the site, and when the credit
market improves, Silverstein could seek funding for additional towers.