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A settlement was reached in 2004, with insurers agreeing to pay out $4.55 billion, which was not as much as Silverstein sought. Silverstein also ran into dispute with other parties in the rebuilding effort, including the Port Authority. In an agreement reached in April 2006, Silverstein retained rights to build three office towers (150 Greenwich Street, 175 Greenwich Street, and 200 Greenwich Street), while 1 World Trade Center will be owned by the Port Authority as well as Tower Five which may be leased out to another private developer and redesigned as a residential building.
Originally posted by Goethe
The interesting aspect here is not $4millioin in unclaimed insurance... Its that if he files to get it, the courts and insurance are going to look into WTC#7, and since we all know how the hell that building came down, if he files for his money for that specific tower... ITS CALLED DISCOVERY AND EVEN HIS LAWYERS KNOW THIS...
Why the hell else would he not file for at this stage in the game?
CAUSE ITS A PAYOFF
Originally posted by Goethe
The monies paid out in regard to WTC#7 already are not what Im referring too. Im talking about a small, very small claim he is avoiding filing because his own lawyers know if he files for it, the gig is up.
Why would anyone not claim $4million and change? WHY?
Even if you had a trillion, you wouldnt leave $4millie on the table for nothing.
Think about.