3 World Trade Center

News / Press

WTC Offices to Be Done `In My Lifetime,’ Silverstein Says

WTC Offices to Be Done `In My Lifetime,’ Silverstein Says

Jul 07, 2008
By By: David M. Levitt | Bloomberg News | Bloomberg News

The office towers planned for New York’s World Trade Center will be done “in my lifetime,” developer Larry Silverstein said in an interview with CNBC.

“I’m 77,” he said. “I don’t have time for green bananas. I want these things built in my lifetime. I’m going to build them.”

Silverstein, who holds the rights to build three skyscrapers at the lower Manhattan site, gave one caveat: The timing depends on how soon the Port Authority of New York and New Jersey, which owns the site, completes the infrastructure that would serve the towers, he said.

Port Authority Executive Director Christopher Ward last week said in a report the rebuilding of Ground Zero would take longer and cost more than planned. The report laid out 15 complications involving adjacent projects, including the planned 9/11 memorial and a mass transit hub, that need to be negotiated before realistic costs and deadlines can be determined.

“If it’s not fully completed, then it’s overwhelmingly done” by 2013, Silverstein said of the construction of the three towers, 2, 3 and 4 World Trade Center.

In 2006, Silverstein gave back to the Port Authority his rights to build the Freedom Tower, the 1,776-foot-high centerpiece of the Ground Zero reconstruction.

 

Terms of Use

Copyright License

Use of this Website is subject to the terms of this disclaimer and by using the Website, you agree to these terms. Silverstein Properties, Inc. ("Silverstein") publishes this Website solely for general informational purposes and nothing herein is intended to be an offer of property, or leasehold or goods or services or employment or a representation as to property, or leasehold or goods or services or employment that will be provided to any person. Silverstein obtains some of the information on the Website from third parties and makes reasonable efforts to provide accurate information on the website. However, it cannot guarantee its accuracy and under no circumstances will it be responsible for inaccuracies whether in material provided by Silverstein or obtained from third parties. The information contained herein may change without notice. The information contained herein will only be considered a representation of Silverstein if repeated in a final contract signed by an authorized Silverstein representative.

Disclaimer

Silverstein Properties, Inc. grants to you a limited non-exclusive, non-transferable license to view, copy and print the material on this web site (other than the design or layout of this Website) for your non-commercial or personal use only. All copies that you make must retain all copyright and other notices that are on this Website. Otherwise, you may not use, distribute, sell, modify, transmit, revise, reverse engineer, republish, post or create derivative works of the material on this Website without Silverstein Properties, Inc.'s prior written permission in each instance.

© Silverstein Properties, Inc., all rights reserved except as expressly provided elsewhere on this Website.