NEW YORK CITY—The Port Authority of New York and New Jersey isexpected to again postpone a vote on providing a subsidy for 3World Trade Center at a board meeting on Wednesday, according toCrain's New York Business.

The Port Authority's decision to hold off on considering thefinancing arrangement—in which the agency would provide a loanguarantee on the tower—shows that the deal has not gained thesupport of the bi-state agency's board of commissioners. It also isseemingly a blow to Silverstein Properties, the tower's developer,which has been feverishly working to get the tower built so it cancomplete a lease with an anchor tenant it has tentatively securedfor the property, media and advertising company GroupM.

“Over the past month we felt we had made substantial progress onthe terms of a 3 World Trade Center agreement,” says LarrySilverstein, chairman, Silverstein Properties. “Having agreed tothe requests conveyed by Port Authority leadership, we aresurprised that the discussions did not yield a successfulresolution. We remain committed to working with the Port Authorityto reach an agreement that accomplishes our shared mission ofbuilding 3 WTC.”