Come on down Larry

[seemslikeadream]

http://rawstory.com/blog/2009/03/larry-silverstein-asks-for-a-bailout /




Larry Silverstein asks for a bailout


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 entity 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.

[Bolo Boffin]

1. And after all that money he made

My, my. Having 6 buildings you just signed a lease for be completely destroyed ISN'T the cash cow you'd think.

[seemslikeadream]

2. unless that cow is hanging out on some island waiting for Larry to show up