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Silverstein Seeks Government Funding

NEW YORK CITY-The developer, who owned the former World Trade Center, is seeking assistance to build some of the towers on the site.

By The New York Times | Updated on March 23, 2009

NEW YORK CITY-Larry Silverstein, the former World Trade Center owner is seeking funds from the Port Authority of New York and New Jersey to complete at least one of the three towers he is building at ground zero, media reports say.

But at a time when funds are sparse, the Authority isn’t jumping at the chance to hand out money, a New York Times report says. It is building the $3.1-billion Freedom Tower and a $3.2-billion transit station, while Silverstein’s three towers are projected to cost $2 billion each.

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