Silverstein Bullish on Obama's Infrastructure Push

Larry Silverstein is worried about the economy. “We’re in a very severe economic climate, as severe as anything we’ve experienced in recent times," the World Trade Center site developer and commercial landlord told The Observer earlier this month.

But he's bullish on President-elect Obama and his FDR-like plan to kick-start the economy, partly through massive infrastructure investments.

“[W]hile there is no shortage of doom and gloom out there, the fact of the matter is we have a new administration coming into office," Mr. Silverstein said. “The president-elect has signaled his attention to deal imminently with economic issues, [with a] major infrastructure thrust that will serve to rebuild tunnels and dams across America, which are totally beyond their useful lives."  read more »

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