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Silverstein: 2004 WTC Plan Must Stand

NEW YORK CITY-Following media reports that the Port Authority has proposed scaling back at Ground Zero, Silverstein Properties calls full-scale development there "essential.

By Cody Lyon | Updated on May 12, 2009

NEW YORK CITY-Responding to the buzz created by a New York Daily News story Monday that details an “incredible shrinking World Trade Center,” Janno Lieber, president of Larry Silverstein’s World Trade Center Properties, says in a statement that the developer is “committed to the plan all stakeholders agreed on in 2004 and reaffirmed in 2006.”

Primarily blaming symptoms from the recession, the Daily News reported that Port Authority of New York and New Jersey wants to do away with three skyscrapers at the site by shrinking Towers 2 and 3 to four or five-floor stumps, suited more for retail than office.

But sources familiar with Port Authority goings-on tell GlobeSt.com that the information in the Daily News story has been in the public domain for weeks, if not months. They say that the Port Authority’s position is that Silverstein’s Tower 4 should be built while 2 and 3 shouldn’t move up to skyscraper status until there’s a market to handle the office space Downtown.

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