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Silverstein finds support in spite of PA's publicity war.


Although Governor Pataki's camp and the Port Authority are painting Larry Silverstein Larry A. Silverstein (born 1932 in Bedford-Stuyvesant in Brooklyn, New York) is an American billionaire real estate investor and operator and the head of Silverstein Properties, a real estate development group.  as the villain in the World Trade Center negotiations fiasco, not everyone is buying into their version of events.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Regional Plan Association, for example, the fact that the Freedom Tower would become a problem was evident all along and should have been addressed some time ago.

"We've been saying for a few years that [the World Trade Center] leases need to be renegotiated and it has become clear that for this development to move ahead you have to re-phase it," said Jeremy Soffin, PLA (Programmable Logic Array) A type of programmable logic chip (PLD) that contained arrays of programmable AND and OR gates. PLAs are no longer used. See PLD.

(language, music) Pla - A high-level music programming language, written in SAIL.
 spokesman.

"The Freedom Tower isn't ready to go ahead now and the more attractive parcels should probably start things off. They really should have started these negotiations a long time ago and an acknowledgement of the issues with the Freedom Tower would have helped."

ABO's Nick LaPorte believes that Silverstein is getting the raw side of the deal.

"This is a guy who bought the lease from them and he has the right to do with that property as he wishes," LaPorte said. "He built 7 WTC WTC World Trade Center, see there  with no problems. PA's reticence to allow him to do what he was assigned to do just makes no sense."

According to Kent Swig, president of Swig Burris Equities, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, the person who is truly to blame for the negotiations breakdown is Governor Pataki, who is more concerned about leaving a legacy than he is about creating a viable construction schedule for lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North .

"Governor Pataki took all of his legacy and put it into a tall phallic phallic /phal·lic/ (-ik) pertaining to or resembling a phallus.

phal·lic
adj.
1. Of, relating to, or resembling a phallus.

2.
 symbol that will be outbuilt by the Chinese before it ever gets built anyway," Swig said of the Freedom Tower during his speech before the ABO ABO

See: Accumulated Benefit Obligation
 on March 16.

In Swig's view, it would have been wiser on Pataki's part to concentrate on all of the transportation projects currently underway in the City and leave the Freedom Tower alone.

"I am sure there were tough decisions to be made, but his legacy is this city's development. We have four of the most incredible transportation projects going on in the US--I would have said 'This is my legacy' and called it a victory. Governor Pataki ... would have been the hero."

Moreover, Swig pointed out that Silverstein has full rights to the World Trade Center site and is not legally obligated ob·li·gate  
tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates
1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force.

2. To cause to be grateful or indebted; oblige.
 to cater to the Port Authority's demands.

"As complex as it is, it's not that complex--Larry Silverstein has got a lease and has been paying it. I am a person who would be a little frightened to be in an environment that says 'things have happened, so we have to renegotiate,'" he said.

"Whether Larry Silverstein is a good guy or not a good guy, whether he did everything right or wrong, we have a land owner and we have a deal. The deal was, one, you want the rent to be paid and, two, at the end of the lease, you want back what you leased and you want to make sure he's building these buildings and in 99 years [the agency] gets them back. The Port Authority shouldn't ask for anything more."

Former New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 State senator Noun 1. state senator - a member of a state senate
senator - a member of a senate
 Manfred Ohrenstein is more generous toward Governor Pataki, believing he is trying to do the best he can in a difficult situation, but he too feels that it is unfair to blame Silverstein for protecting his interests.

"You have a businessman who is a victim of the 9/ 11 attacks in much the same way as many other victims," Ohrenstein said. "This is not to compare it to people who have lost their lives, but nevertheless he is a victim who has the right for his losses to be made whole and the right to be part of the rebirth of downtown in which he so heavily invested."

The people in the downtown community feel about the same way. In what would probably be surprising news for the Mayor and the Governor, they don't care
This page is about the music single. For the meaning relating to digital logic, see Don't-care (logic)


"Don't Care" is a 1994 (see 1994 in music) single by American death metal band Obituary.
 if Silverstein retains full control of the site as long as the World Trade Center complex finally starts construction.

"We are not happy with the pace of reconstruction, needless to say, but we don't have a strong opinion on [who should do it]" said Paul Goldstein, district manager with downtown Community Board #1. "We are concerned that the Silverstein organization needs to have the financial wherewithal, but it's hard for us to do an independent assessment. We did take a position on the Liberty Bonds issue--we recommended that Silverstein get the money for the first couple of buildings, and if he proves that he can build them, he can get the rest."

"If they [Silverstein Properties] could do that, we would be fine with them building it out, but we don't want to commit the money and have a hole in the ground for years to come."
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Title Annotation:Larry Silverstein; Port Authority
Author:Misonzhnik, Elaine
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Mar 22, 2006
Words:814
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