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originally posted by: neutronflux
a reply to: EartOccupant
You mentioned insurance.
He got about 4 billion.
Prove the insurance companies paid the man directly where he could physically move the money around.
He was losing revenue for years with no renters.
The total cost of rebuilding was over 7 billion.
Years of lost rent and 3 billion in the hole to rebuild.
What was you point again?
originally posted by: Informer1958
a reply to: neutronflux
You have proof he is just not old and senile?
You have evidence that he is?
Funny how you employ your "opinions" as credible facts.
You is this just your opinions debunked on metabunk and skeptics international?
Interestly nothing has been debunked here. Take a chill pill dude.
originally posted by: neutronflux
a reply to: stonerwilliam
What jackpot?
How many years did Silverstein miss out on collecting rent from tenates
Silverstein had to pay 360 million to the Port Authority to retain the right to build on the empty sites.
The insurance only paid 4 billion and the total cost of building was over 7 billion.
The WTC sites were actually underinsured.
From www.911myths.com...
Silverstein Properties and the Port Authority continue to be guided by a lease each signed six weeks before the Sept. 11, 2001, attacks. The lease stipulates that should the complex be destroyed, Silverstein must continue to pay the $120 million a year rent in order to maintain the right to rebuild. Mr. Silverstein has tried to persuade the Port Authority that his closely held company is capable of rebuilding while meeting its massive rent payments. The rent is currently being paid from insurance proceeds, draining the amount available for rebuilding.
www.mindfully.org/Reform/2004/Larry-Silverstein-WTC6dec04.htm
$120 million dollars a year? So in the three years between the attacks and that article being written, Silverstein has paid out over $360 million on rent alone (and a three-year court battle implies substantial legal fees, too).
rationalwiki.org...
Rebuttal: What conspiracy theorists don't mention about this is that the total cost of the towers was significantly in excess of this — the insurance value was way below what it should have been. Most of the legal wrangling after the fact was also due to the insurance contracts being incomplete. The total cost of the attack would be in the region of $7 billion or more, leaving a considerable loss once the relatively measly insurance payout was claimed. With too low an insurance value and less-than-solid contracts, literally none of the insurance-based activities seem to point to the actions of people who knew exactly what was going to happen in advance. If it was an insurance scam, it was the worst ever.[10]
We've already noted that the World Trade Center had already been bombed once before in 1993, and that several major terror plots against U.S. landmarks had been uncovered since then. In light of this, an anti-terrorism insurance policy would appear to be an entirely logical purchase.
Post by Mike West
Metabunk
www.metabunk.org...
It's more complicated than that - the WTC complex was insured via multiple insurance policies with 23 different companies for a total of $3.55 billion for a single event. He asked that it be considered two events, so the limit be raised to $7.1 billion. The insurance companies disputed this, and there was a court case, and the resultant total limit was much less the $7.1 billion ($4.577 billion).
And this only covered half the cost of rebuilding the complex, in 2007 this was estimated as $9 billion. Public investment (loans) was required to cover the difference.
www.nytimes.com...
From metabunk
By jonnyH
www.metabunk.org...
But he has lost 5 years income.
The old 7WTC had 1,868,000 sq ft of office space which, at say $30 per sq ft per month for 5 years, is $672m. With that he could have paid off the $400m mortgage with $272m to spare. In 2006 he was $442m worse off regarding 7WTC than he would have been had 9/11 not happened.
Worse still, despite being taller than the old one, the new 7WTC sits on a smaller footprint and has only 1,700,000 sq ft of office space and thus a lower capacity to generate rents. So his potential annual income from 7WTC has dropped 9% (about $60m) per annum.
So now, in 2016, Larry is $1,272m worse off (and counting) than he would have been had 9/11 not happened.*
*assuming that all other the other costs of doing business are the same in both scenarios, the effects of interest and inflation are negligible and that 9/11 had no effect on rents in downtown manhattan, which I accept are lazy assumptions taken for convenience.
originally posted by: AnAbsoluteCreation
a reply to: neutronflux
Even with all that said, he is still up billions. And will own the building outright in 15 years.
I am done talking with you. You obviously have no deductive reasoning or critical thinking skills.
How about you answer this: I say that 9/11 was to initiate Globalism and a One world Government.
So why did they change the name of the Freedom Tower to the One World Trade Center?
You know, screw the patriotic freedom, let's call it ONE WORLD.
AAC
originally posted by: neutronflux
a reply to: AnAbsoluteCreation
Then why did you join the insurance Larry Silverstein insurance scam debate?
I don't know what to tell you. Silverstein is obligated to build WTC 2. The building obligations are for a total over 7 billion. The insurance only paid out about 4 billion.
Now....
How did the false narrative of a Silverstein insurance scam, the false narrative Silverstein made money off 9/11, and a false narrative of Silverstein being a 9/11 planner lead to the patriot act and one world government?
Again. Why would a 9/11 murderous government leave Silverstein in a position to let the cat out of the bag over and over again about 9/11?
originally posted by: AnAbsoluteCreation
Regarding why the government allowed Silverstein to talk freely? I personally think the Israel video I posted wasn't meant for release. It was filmed in Israel, where is he seemed as a national hero.
originally posted by: neutronflux
a reply to: AnAbsoluteCreation
And I repeatedly showed he underinsured for the WTC site. If he knew about the attacks, wouldn't he insure for the correct value.
In the context of the pull it comment, the other truth movement false narrative smoking gun Silverstein items, in the logic of a murderous 9/11 government striving to hide the truth of 9/11 at any cost, the murderous government as pictured by the truth movement would have eliminated the Silverstein liability long ago.
Sorry. Your smoking gun is just the gaffs of an old confused man, poor of sight, and not able to read his handwriting or small font?
Obama said he been to 57 States. What is that conspiracy about?
Really, that is you best evidence? An old confused man you cannot prove why he was confused?
What does globalists and world peace have to do with the false narrative Silverstein was part of the 9/11 planning and what at most was a failed insurance scams?
originally posted by: neutronflux
a reply to: AnAbsoluteCreation
You do understand the insurance companies tried to get out of paying out for WTC 7 in court. If there was any evidence Silverstein brought down WTC 7 with demolitions, don't you think the insurance companies would have pursued Silverstein insurance fraud?
First off, they did not fight paying out for WTC 7. Did you just pull that out of your ass? WTC 7 was under a different policy. And it was paid out almost immediately. He owned that building since 1987, I think. Stop making up facts to support your narrative - that's a sign of cognitive dissonance.
[quote[Why would the government not purse a criminal case against Silverstein if there was fraud and criminal acts by Silverstein.
And what does Silverstein insurance fraud have to do with One World Government?