Freedom Tower Construction Activity Begins

NEW YORK CITY-Construction workers have begun setting the foundation for the Freedom Tower at the World Trade Center site. In late April, World Trade Center developer/leaseholder Larry A. Silverstein and the Port Authority of New York and New Jersey, which owns the site, reached an agreement that paved the way for the process to get under way. As part of that agreement, Silverstein is developing the Freedom Tower and the PA will take ownership when it is completed in 2011.

In a ruling announced yesterday, Silverstein was denied a request for insurance companies to pay his legal fees in relation to litigation regarding the WTC site. A Silverstein spokesperson says that while they are disappointed in the decision and think it’s wrong, it will have no impact on the WTC rebuilding effort.