Stalemate City: A Primer on the World Trade Center Imbroglio

At 3 p.m. today, Mayor Bloomberg is hosting a summit at Gracie Mansion, an all-out attempt to try to break an impasse at the World Trade Center redevelopment. At issue is the fate of three private office towers, which developer Larry Silverstein is unable to build with private lending given the economy, and has asked for financing assistance from the public sector. He now wants to build two, with the Port Authority backing the...

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