Bloomberg looks to end stalemate between Silverstein, Port Authority

Left to right: PA Executive Director Christopher Ward, Mayor Michael Bloomberg, Larry Silverstein

Mayor
Michael Bloomberg invited developer Larry Silverstein and executives
from the Port Authority of New York and New Jersey to meet with him and
other elected officials to discuss the World Trade Center stalemate
next week. Silverstein asked the authority to help finance two of the
towers, and the authority offered to buy back one tower, but its
officials have said that aiding both would stress the agency’s balance
sheet. If there isn’t an agreement, the rebuilding schedule will be
off, and the memorial might not be ready by the 10th anniversary of
Sept. 11, 2001.