Developer Larry Silverstein has secured $1.8 billion in funding for 3 World Trade Center, which means, it would appear, that the long-stalled tower is finally a go. Silverstein had previously been rebuffed in his attempts to get the money from the Port Authority, which voted in June to release $159 million of insurance proceeds, but not the $1.2 billion in loans that Silverstein wanted. He will instead get the bonds from Liberty Development Corp., a subsidiary of the New York state's economic-development agency. [Crain's; previously]
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