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He did? Where and when did he rebuild it?
Originally posted by thedman
He did? Where and when did he rebuild it?
For someone who claims to be after the "truth" you are incredibly stupid
Originally posted by Swampfox46_1999
Gee, maybe he is getting tired of your continual denial of the facts? You didn't know WTC7 had been rebuilt, you didnt know that Silverstein tried to get a lot less insurance and you STILL keep acting as if you havent been informed of the facts.
Originally posted by Swampfox46_1999
Still waiting on some PROOF that he was involved in criminal acts. And dont bring up "pull it" again, that one has been done to death and the only people that accept it as any kind of proof of anything are conspiracy theorists. Demolition professionals dont accept it and they dont accept that WTC 7 was blown up either.
2a.
LARRY SILVERSTEIN - A CROOK?
Larry Silverstein heads the consortium that signed a rental contract for the WTC towers and WTC Building 7 with the Harbor Authorities of New York and New Jersey just seven weeks before the 9-11 attacks.
An icon for financial power, built in the early 1970s at a cost of $750 million as part of a massive urban renewal project spearheaded by America's Rockefeller family, the landmark towers anchored a seven-building complex spread over about 12 city blocks. The two 412 meters high towers with 3.3 million square feet office space were completed in 1972 at a cost of $370 million.
Silverstein Properties agreed to lease the towers and surrounding Port Authority properties for $3.2 billion over 99 years, with $616 million paid up front. (This $3.2 billion was, according to the actuaries, present discounted market value.)
Larry Silverstein would only have to pay the city $25 million yearly in an in-lieu-of-taxes agreement, about $75 million less than what the property taxes would actually be. In addition, the towers could continue to tap low-cost taxpayer-subsidized electricity from the New York Power Authority, saving Silverstein millions a year over what he would pay if he had to buy electricity from Con Ed at market rates.
The Port Authority also agreed to use public funds to pay any property taxes in excess of $25 million that Silverstein might incur in the future if New York City ever succeeded in putting the trade center on the property-tax rolls.
Silverstein took out insurance cover of $3.6 billion on the WTC properties, then sought to recoup $7.2 billion from insurers on the grounds that the two hijacked airliners that struck the 110-story twin towers Sept. 11 were separate 'occurrences' for insurance purposes, entitling him to collect twice on the $3.6 billion of policies. In September 2003 the U.S. Court of Appeals turned down Silverstein's efforts to double his insurance recovery for the WTC loss. I do not know what the present status is of the insurance claim.