The Freedom Tower

Settlement Reached

by Lionel Bascom — May 23rd, 2007 — 1 comment

An accord has been reached between insurers of the Twin Towers and Ground Zero developer Larry Silverstein.
Silverstein oversees reconstruction of the 16-acre property but insurers have held up payments after 9/11 for nearly six years in a dispute over what the settlement figure should be.
New York Gov. Eliot Spitzer says Silverstein agreed to drop a lawsuit against the insurers in return for payments of about $2 billion so he can proceed with the reconstruction. This agreement, according to the Times of London, removes the last major stumbling block holding back reconstruction.

8:20 PM in Uncategorized, The Construction, World Trade Center, Ground Zero, Related Stories, Freedom Tower News, Politics

One response

  1. Now, a positive movement will begin, affecting many lives involved with this endeavor. As Maya Angelou states, “Living a life is like constructing a building: if you start wrong, you’ll end wrong.”

    Let’s hope that the act of building will be an inspiration to those individuals who partake of its construction. Perhaps, there will even be a change for the better with some lives.

    Jeanne · May 23rd, 2007 at 10:29 pm

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