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so exactly how much money has Silverstein made by demolishing his buildings?
Larry Silverstein asks for a bailout
As if there weren't enough roadblocks to seeing a new structure rise from the site where the World Trade Center towers once stood.
From this morning's Wall St. Journal ...
The rebuilding of the World Trade Center site, already hobbled by years of delays and infighting, is facing fresh problems as private developer Larry Silverstein asks the government for crucial financial assistance, according to people familiar with the matter.
The result would be that the Port Authority of New York and New Jersey, the government en y that owns the site, would take on more of the risk of the project at a time when the agency already faces budget restraints to pursue its core transportation and infrastructure missions.
The Port Authority, eager to prevent the project from stalling, is considering helping to finance at least one of Mr. Silverstein's planned three office towers, according to people familiar with the matter. Mr. Silverstein is requesting financing help on at least two of the three towers. The Port Authority would require concessions from Mr. Silverstein, including possibly giving up some of upside profits should the towers succeed in the long term.
This is the same guy who wanted double his insurance policy's value after the devastating 2001 attacks because each airplane impact, as he said, was actually a separate act of terrorism.
And that's the Nice on some of the bad press surrounding Silverstein ... Most know him best from his eternally curious comment to PBS shortly after the collapse of WTC 7.
Is this a worthy use of tax dollars by the Port Authority?
--Stephen C. Webster
Tags: 9/11, business
This entry was posted on Saturday, March 21st, 2009 at 1:07 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
58 Responses to "Larry Silverstein asks for a bailout"
http://rawstory.com/blog/2009/03/lar...for-a-bailout/
so exactly how much money has Silverstein made by demolishing his buildings?
Sounds like he's losing money, I wouldn't give him the bailout. Either that or he is a cheat and is hiding assets.
It doesn't sound like he's asking for any money tied to any federal funds.
It also doesn't sound like the Port Authority is going to give him free money either.
What are you, a socialist?
This isn't really a true example of socialism and what does who I am have to do with this thread?
Silverstein wants a bailout from the government, that's socialism at its worst. You appear to be a socialist.
You never originally said that you didn't want to give him the money based on it being an act of socialism in your book.
You alluded to the idea that he was probably a cheat and losing money.
If you also think getting funding help from the government in order to help rebuild his buildings that were knocked down from hijacked planes is socialism at its worst, you really should go back and look what socialism means.
You appear to be an idiot.
Hey stupid, WTC 7 wasn't hit by a plane. Silverstein said it was pulled.
Are you kidding me? According to your own article, Silverstein is requesting financing help for two of the three buildings at the WTC site.
You're bringing up WTC7 all on your own, jeenyus.......which was knocked over thanks to the falling over of WTC 1 thanks to the airplane hitting it.
I'm trying to figure out if you are really this idiotic or if you are bored and are just playing idiotic to pass the time.
Hey stupid, Silverstein already collected billions in insurance money for the Twin Towers. Now he wants to loot the treasury.
WTC 7 was not knocked over by anything. It fell straight down.
You're a socialist. While you sleep, the socialists loot the treasury.
who to believe.........the official NIST reports..... or some raving hack on a Spurs Talk message board that's calling me stupid for not believing him.....
I believe what I can see. I can see WTC 7 fall straight down. I don't need some jackass bureaucrat from NIST to tell me this. You are truly insane.
And you should always believe everything you see and read on the internet.
of course you don't.I don't need some jackass bureaucrat from NIST to tell me this.
Truly I must be for believing official reports instead of a 9/11 conspiracies that make no sense.You are truly insane.
Why did Silverstein tell firemen who have no clue about demolishing terms to "pull it"?
What really happened on 9/11?
dude, do you have your brain stuck up your ass, even NIST says WTC 7 fell straight down.
Why would Silverstein refer to firefighters as "it"?
Why would Silverstein tell firefighters to get out of WTC 7 when no firefighting was attempted at WTC 7?
Why would a fire commander need to talk to Silverstein to get firemen out of a building?
Why would WTC 7 fall down right after Silverstein said "Pull It!!"
Then again:
Why would you continue to post your theories on a website where no one believes you, everyone calls you an idiot, and frankly, the site is dedicated to an NBA franchise?
You are the moron with the bizarre economic theories. You are a socialist who thinks mass murderers should get government welfare from the taxpayers. With the economic downturn, Silverstein should not be trying to build another 110-story white elephant that will lose money. He should rebuild a 20-story office building with all that loot he has already collected.
I'm not really in the mood for this WTC crap today with the likes of you. Maybe Fuzzy........but not you......so this is my last bit for the day. Maybe Randomguy will take over making you the daily fool.
how would firefighters know what "it" is if they don't have a clue about how to set off demolition devices?Why would Silverstein refer to firefighters as "it"?
".....Second, a fifth-floor fire burned for up to 7 hours. "There was no firefighting in WTC 7," Sunder says. Investigators believe the fire was fed by tanks of diesel fuel that many tenants used to run emergency generators. Most tanks throughout the building were fairly small, but a generator on the fifth floor was connected to a large tank in the basement via a pressurized line. Says Sunder: "Our current working hypothesis is that this pressurized line was supplying fuel [to the fire] for a long period of time."Why would Silverstein tell firefighters to get out of WTC 7 when no firefighting was attempted at WTC 7?
http://www.popularmechanics.com/tech...42.html?page=5
if you don't really understand how firemen try to contain fires, it might b e worth your time if you really are interested in finding the truth here.
The question for you is, why wouldn't he need to talk to the owner of a building on fire?Why would a fire commander need to talk to Silverstein to get firemen out of a building?
Because the firemen were becoming increasingly aware of the structural failures and Silverstein probably threw in his 2 cents worth about getting everyone out.Why would WTC 7 fall down right after Silverstein said "Pull It!!"
I'm sure Random can come up with something better than my answer.
I really don't give a flip any more.
So I ask you a legit question (and in all bold like you like to do) and you start accusing me with random lies?
Ok.
You fail again.
Lucky Larry saved $2 billion in asbestos cleanup when the towers fell. Then he collected $4 1/2 billion more from insurance, which included AIG.
The bogus diesel tank theory has been dumped by NIST. They found the diesel tank still filled with fuel.
NIST says that girder # 44 heat expanded and snapped suddenly from column # 79. Silverstein was not aware of either girder # 44 or # 79 at all, nor was anyone else.
You are filled with lies.
Di you not see the tape? Silverstein says he was talking to the fire commander. Then he said "Pull It!!" and WTC 7 fell down.
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