Larry A. Silverstein
PER
Larry A. Silverstein Silverstein
Mr. Bloomberg said that the fundamental problem at ground zero would remain even if the Port Authority became the anchor tenant at the Freedom Tower not enough money to make this project move forward. He also said that he thought the time to address this issue is before construction starts, right then, not when you're halfway done. The city currently issued a report concluding that Larry A. Silverstein, the developer who controls the lease at the World Trade Center site, would run out of money for the project in 2009, then default on his lease and walk away with hundreds of millions of dollars in profit. The city recently issued a report concluding that Larry A. Silverstein, the developer who controls the lease at the World Trade Center site, would run out of money for the project in 2009, then default on his lease and walk away with hundreds of millions of dollars in profit. Mr. Schumer did not spare Mr. Silverstein from criticism either. He called on Mr. Silverstein to slash his development fee in half.