The Port Authority announced yesterday that it will soon turn over the "construction-ready land" for WTC Towers 2 and 3 to developer Larry Silverstein, but the PA's motivation goes beyond not wanting to pay the $300,000-per-day late penalties anymore. It's the endgame! The handover will trigger Silverstein's contractual obligation to build the towers within five years, and when he can't, "He will be in default, and the conclusion of that will be - and I emphasize the word conclusion - that the Port Authority would take title to all three towers," executive director Chris Ward said. [NYDN; previously]
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