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Semantics my dear, semantics. In fact, the lenders would only require the buildings to be insured for the amount borrowed, since he would only need to pay off the borrowed amount for the lease.
In its court papers, Swiss Re shows how Silverstein first tried to buy just $1.5 billion in property damage and business-interruption coverage. When his lenders objected, he discussed buying a $5 billion policy. Ultimately, he settled on the $3.5 billion figure, which was less than the likely cost of rebuilding. His lenders, led by GMAC, a unit of General Motors (nyse: GM - news - people ), which financed nearly the entire cost of the lease, agreed.
The buildings were plagued with vacancies and it was far too much office/retail space offered. In addition to that, it would far too expensive to demolish the buildings due to the asbestos, though there isn't any proof (that I'm aware of) that the Port Authority actually looked into the option. The lenders would be served much better for those buildings to come down, as a more efficient space could be erected, thus promising a more 'concrete' return.
''In January 1997 we had about an 80 percent occupancy rate,'' said Cherrie Nanninga, director of real estate for the Port Authority of New York and New Jersey, which owns the complex. Twenty percent of 10.5 million square feet of space is 2.1 million, which would be a substantial building by itself
But as a result of the last year's work, Ms. Nanninga, said the complex is over 90 percent occupied and expects to it reach the 95 percent mark by the end of the year. That, she said, would be about as full as the center is likely to get, since there is almost always someone moving in or out. ''Ninety-seven percent occupancy would be full,'' said Ms. Nanninga...
As Real Estate Director, a position Mrs. Nanninga has held since 1996, the occupancy rate at the trade center has risen from 78 percent to a healthy 98 percent, retail soared in the trade center's mall, and available office space in the Newark Legal Center has nearly been filled.
Today, only about 250,000 of the 10.4 million square feet of office space in the trade center remains vacant. And the legal center has an occupancy rate of over 99 percent.
Sales at the trade center's retail mall also have risen dramatically. In 1996, the mall's retail establishments averaged approximately $500 per square foot. Today, sales have doubled, and are expected to reach $900 per square foot by the end of this year, which is expected to make the trade center mall the third most profitable in the country. And major national retailers, such as Banana Republic, Coach and Godiva have opened stores in the trade center mall to cater to a daily audience of 40,000 employees and thousands of visitors
This was the whole point of the thread. How on earth would you know what lead to 9/11? The truth is, you don't know any better than anyone else and judging by the rest of your post, I would actually say you know less than many, due to your lack of understand how things work, or you are simply misinformed, though probably a combination of both. I urge you to research the situation from the little pieces of evidence that are floating around, then build the bigger the picture on your own. Don't allow certain websites, committees, books or people build that picture for you.
Now for the problem with the "red-chips-are-paint-on-thermite" theory. In figure 20, the red chips are still there with the spheres attached. The red chips ignited and made the spheres but didn't burn completely. This behavior is not the behavior of any thermite, nano- or macro-. It may also explain why ten tons of unburned red chips are estimated, by Jones, to be in the dust.
We would like to make detailed comparisons of the red
chips with known super-thermite composites, along with
comparisons of the products following ignition, but there are
many forms of this high-tech thermite, and this comparison
must wait for a future study
Originally posted by benoni
They also enjoy name-calling and, quite frankly, they lie....
Damage beyond initiation zone?
The impact zones covered 6 floors - Is that enough damage for you?
The aircraft impacts not only caused severe structural damage - destroying supports coumns - remember exterior wall panels were part of the building support system. Set multiple floors on fire, destroyed sprinkler/standpipe systems and blasted fire proofing off steelwork exposing it to fire.
Is that enough damage for you ?
Top section accelerated through damaged section?
Where did you get that from? Make it up?
unfortunately someone forgot to extend the fireproofing to the corners.
Heat caused beam to dislodge from the junction initiating collapse
Fireproofing was designed for 2 hours, enough time to evacuate and for
fire department to begin extinguishment. Sprinklers are designed to hold the fire in check until FD gets there. At WTC 7 sprinklers were knocked
out by collapse of towers. No sprinklers and building left to burn for 7 hours with no firefighting.
Reason buildings don't collapse from fire is that sprinklers hold the fire in check and FD arrives to put it out - both were absent at WTC 7
6 out of ten 911 commisioners claim 911 investigation is a fraud
heh heh you can try if you want to
but because the final report is based on a mathematical model that they won't release to the public you wont get very far.
Originally posted by benoni
Stay on topic tricky.....
You are attempting to derail.....
Originally posted by impressme
reply to post by pteridine
Now for the problem with the "red-chips-are-paint-on-thermite" theory. In figure 20, the red chips are still there with the spheres attached. The red chips ignited and made the spheres but didn't burn completely. This behavior is not the behavior of any thermite, nano- or macro-. It may also explain why ten tons of unburned red chips are estimated, by Jones, to be in the dust.
Please reread Jones reports again, I have taken the liberties of posting the parts in questions for you. The red material in question is not really known yet.
Red paint chips? Jones clearly makes the claim they really do not know what the red material is until further study is done.
We would like to make detailed comparisons of the red
chips with known super-thermite composites, along with
comparisons of the products following ignition, but there are
many forms of this high-tech thermite, and this comparison
must wait for a future study
www.bentham-open.org.../2009/00000002/00000001/7TOCPJ.SGM
Please publish photographs and other evidences proving otherwise. In other words let’s see a comparison of real “super na-no Thermite with red chips compare with Jones’ Please don’t bother showing standard commercial Thermite, let’s see the real thing.
Where in section # 20 in Jones paper he calls this red material red paint chips in this particular study? He does not, they do not know what it is until further studies are done.
Originally posted by TrickoftheShade
Ironic that I can actually point out a falsehood
Originally posted by hooper
Actually, it did get pretty far already. The matter of the fact is it has been years since the release and tens of thousands of engineers and designers are using the recommendations that resulted from the NIST report. None of them are crying about not seeing model forumulas or input files.
Originally posted by VirginiaRisesYetAgain
Originally posted by TrickoftheShade
Ironic that I can actually point out a falsehood
Yes, that would be ironic, considering you represent a bunch of them here everyday
and turn the same blind eye to them, every day.
I was asking this on another thread but it's relevant to this one too, what we know and what we don't. Do you think the ultimate causes of the collapses of both buildings (any specific "failure mechanisms") have been demonstrated physically? Because I was looking for where anyone has actually tested these truss assemblies and recreated the failure NIST hypothesized.
6 of the 10 commissioners who held that enquiry have gone on record to say that the official story is a lie.
The co-chairs of the 9/11 Commission (Thomas Keane and Lee Hamilton) said that the CIA (and likely the White House) “obstructed our investigation”.
The co-chairs of the 9/11 Commission also said that the 9/11 Commissioners knew that military officials misrepresented the facts to the Commission, and the Commission considered recommending criminal charges for such false statements, yet didn’t bother to tell the American people.
Indeed, the co-chairs of the Commission now admit that the Commission largely operated based upon political considerations.
9/11 Commission co-chair Lee Hamilton says “I don’t believe for a minute we got everything right”, that the Commission was set up to fail, that people should keep asking questions about 9/11, that the 9/11 debate should continue, and that the 9/11 Commission report was only “the first draft” of history.
9/11 Commissioner Bob Kerrey said that “There are ample reasons to suspect that there may be some alternative to what we outlined in our version . . . We didn’t have access . . . .”
9/11 Commissioner Timothy Roemer said “We were extremely frustrated with the false statements we were getting”
Former 9/11 Commissioner Max Cleland resigned from the Commission, stating: “It is a national scandal”; “This investigation is now compromised”; and “One of these days we will have to get the full story because the 9-11 issue is so important to America. But this White House wants to cover it up”.
9/11 Commissioner John Lehman said that “We purposely put together a staff that had – in a way – conflicts of interest”.
The Senior Counsel to the 9/11 Commission (John Farmer) who led the 9/11 staff’s inquiry, said “I was shocked at how different the truth was from the way it was described …. The tapes told a radically different story from what had been told to us and the public for two years.. This is not spin. This is not true.”
Originally posted by hooper
reply to post by psikeyhackr
The fact that they have to be strong enough and massive enough to hold themselves up makes that result inevitable.
This is obviously new territory to you, so let me try and explain things slowly and clearly.
Buildings are designed to suit the purpose and desire of the owner.
Buildings are designed to withstand loadings and forces that would NORMALLY be experienced during the expected economic life of the building.
Just because you can carefully stack "B" on top of "A" without "A" falling down, does not mean that you can DROP "B" on "A" and achieve the same results.