3 World Trade Center

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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.


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