NEW YORK CITY-The redevelopment work on the World Trade Center site was held up for years due to the war between the constituencies of the project. Despite significant progress, a part of the development could come to a hitch.
Larry Silverstein is planning to issue a $1.3 billion bond parcel to finance the construction of 4 World Trade Center, a 64-story office tower. Due to uncertainty in the bond markets, the Port Authority and Silverstein Properties are holding up bond issuance. For the full story, go to New York Observer.
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