Building Castles In The Clouds
Authority of New York and New Jersey. Silverstein, who enjoys a reputation as a skilled, tough landlord, planned to do such a good job maximizing individual rental payments from the Trade Center’s tenants, while keeping expenses down, that they’d end up with much more than the annual cost of paying off the debt and a $120 million-a-year payment due to the Port Authority. But when the attacks came barely six weeks after the deal had closed, Silverstein’s investment suddenly turned on one thing: insurance....