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| quote: | Originally posted by culorut
I posted that video to show that Larry Silverstein slipped up, he went on air and said "we decided to pull it". (world trade building 7)
As for the insurance policy,
Apr 26, 2001 – The Port Authority, authorized by Lewis M. Eisenberg, (left Goldman Sachs after affair) decided to privatize the WTC, and lease it to Silverstein Properties. (In 1995, Pataki ran for Governor promising he would help privatize the WTC).
Jul 24, 2001 – Six weeks before 911, Silverstein Properties and Westfield America, Inc. (retail part) took control of a 99 year, $3.2 billion lease of the WTC.
Silverstein was the 2nd place bidder. Vornado Realty was the 1st place bidder. He withdrew when they wouldn’t agree to a shorter lease period. This deal was the richest real estate deal in NYC history, and yet a bargain for Silverstein.
Three Interesting Issues:
1)The buildings were immediately insured for $3.5 billion, and covered for “terrorist attacks”.
2)“Explicitly included in the agreement was that Silverstein and Westfield were given the right to rebuild the structures if they were destroyed.
http://www.realestatejournal.com/re...3-starkman.html
3)After 911, he sued for $7.2 (double the original amount he insured the buildings for) claiming two separate incidents. In the end, he was paid approximately $4.5 billion, as the judge agreed, in the end, that it was two separate occurrences.
http://en.wikipedia.org/w/index.php...n&printable=yes |
If I ever saw a jump to conclusion, this is it. Once again, using giant leaps of logic, to prove...nothing...
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