Paterson Tries To Restart WTC Development Negotiations
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Governor David Paterson is trying to restart stalled talks regarding the redevelopment of the World Trade Center site.
He says he's willing to give developer Larry Silverstein relief on the rent he owes on two office towers, which have been troubled by limited interest from tenants.
Paterson is also directing the Port Authority, which owns the 16-acre site, to draft new designs that do not overlap with the footprints of Silverstein's tower.
Silverstein is currently locked in months-long dispute with the Port Authority over his quest for public backing of the towers. In a statement, the company's president says he does not think Paterson's new plan will work.
"Every project for which the Port Authority is responsible has fallen years behind schedule and billions of dollars over budget, hindering the entire WTC rebuilding effort," said Janno Lieber, president of World Trade Center Properties.
Paterson wants both sides to meet again Wednesday.