NEW YORK CITY-The redevelopment work on the World Trade Centersite was held up for years due to the war between theconstituencies of the project. Despite significant progress, a partof the development could come to a hitch.


Larry Silverstein is planning to issue a $1.3 billion bondparcel to finance the construction of 4 World Trade Center, a64-story office tower. Due to uncertainty in the bond markets, thePort Authority and Silverstein Properties are holding up bondissuance. For the full story, go to New York Observer.

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.