Despite Senator Chuck Schumer recently securing $340 million in federal bonds for 3 World Trade Center, financing for the stalled tower is still not worked out. Developer Silverstein Properties is seeking to restructure a four-year-old $2.3 billion financing package from government agencies to be able to restart construction. In exchange for a better debt deal with the government, Silverstein would seek more private money. The building currently sits at eight stories, and only 1/5 of the space in the 2.5 million-square-foot tower has been leased. [WSJ; previously]
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