Silverstein hit hard and often on his now-ubiquitous two-planes, two-claims argument during a roundtable luncheon on the future of mega-transactions. The discussion was part of New York University Real Estate Institute's annual real estate investment conference.
"The first thing you have to learn in real estate is to distinguish between one event and two events. That's fundamental," Silverstein quipped, referring to his oft-repeated contention that the trade center towers were destroyed in two separate acts. Often flippant in his remarks, the developer also spoke passionately about the need to redevelop the trade center site for the well-being of the city and the nation.
However, with his attorneys on the verge of filing court papers responding to Swiss Re's suit, which argues that the trade center bombings constituted a single event meriting a single claim, the developer never veered far from his main theme. He hammered home his argument that the twin towers fell in two separate attacks and that, as such, he is entitled to two payouts on his $3.6 billion-per-event coverage.
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