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| | national journal: Lucky Larry - WTC destroyed, a multi-billion insurance compensation consoles Larry Silverstein |
 | | Larry Silverstein, despite not being the owner of the buildings, was the sole beneficiary of the insurance indemnity payments of more than 7 billion Dollars. | | | Larry was lucky, that he was not responsible for liabilities towards the Port Authorities, since the disaster was an act of God. | | | Silverstein agreed to pay over 99 years a total of 3,2 billion Dollars in leasing installments to the Port Authorities: 616 million as an initial payment and then annually 115 million Dollars. |
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http://globalfire.tv/nj/03en/jews/wtc-silverstein.htm
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| | Larry Silverstein: Jury Rules WTC Destruction Was Two Separate Events - Wall Street Journal 6dec04 |
| | Larry Silverstein, the real-estate developer who holds the lease on the World Trade Center, lost a major chunk of his legal bid to double the $3.55 billion face value of the insurance coverage for the twin towers. | | | Silverstein, the leaseholder of the destroyed complex, is entitled to an insurance payment that will fall well short of the more than $9 billion needed to rebuild. | | | Silverstein's efforts to turn his $3.5 billion insurance policy on the trade center complex into a $7 billion payout. |
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http://www.mindfully.org/Reform/2004/Larry-Silverstein-WTC6dec04.htm
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| | Centre for Research on Globalization |
| | Larry Silverstein, the leaseholder of the towers, has argued that the attacks were two separate events, meaning insurance companies would have to reimburse him a total of $7.1 billion rather than half of that amount. | | | Silverstein argues the attacks were two occurrences, and he is entitled to double the insurance proceeds: roughly $7.1 billion for reconstruction and lost revenues. | | | Silverstein has argued from the outset that the attacks were two occurrences, a claim that, if successful, would double the amount of insurance payments he receives, to $7.1 billion. |
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http://www.globalresearch.ca/articles/WTC312A.html
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| | Larry Silverstein - definition of Larry Silverstein in Encyclopedia |
| | Silverstein was awarded an insurance payment of more than three and a half billion dollars to settle his seven-week-old terrorist insurance policy. | | | Most of the insurers prevailed in a trial (Silverstein lost $2.3 billion in extra insurance money as a result) while others are yet to go to court. | | | The issue of whether or not the plane impacts were responsible for the utter demolition of both steel-frame skyscrapers was not raised during the litigation. |
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http://encyclopedia.laborlawtalk.com/Larry_Silverstein
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| | WTC Claims Dispute, $7.1 Billion at Stake |
| | Silverstein and his associates demanded $7 billion; Swiss Re and the other insurers maintained they were liable for a maximum of $3.55 billion. | | | In a more recent statement Dubois again attacked Silverstein's veracity, accusing him of refusing to purchase the $5 billion in coverage that the WTC was estimated to be worth, and opting for the $3.5 billion policy limit. | | | According to Swiss Re this figure is actually "consistent with Silverstein's internal calculations." It also stated that "Pearson Partners, an independent real estate appraiser has estimated the actual cash value of the WTC complex at $2.156 billion under the Willis Property form (WilProp) that Silverstein used to bind the insurance coverage." |
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http://www.insurancejournal.com/magazines/southcentral/2002/09/02/features/23196.htm
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| | Letter to Swiss Re |
| | The transaction was actually structured in a manner that would have allowed Silverstein to simply default and walk away from the lease in the event of a catastrophic loss, which is why, at the time he purchased the coverage, Silverstein wasn't that concerned about the amount of insurance. | | | After repaying the lenders the principal of their loans, and paying the Port Authority USD 1.5 billion, Silverstein and his investors arguably could claim the balance of more than USD 1 billion. | | | It looks to me like someone knew what was coming and wanted to move the insurance companies onto a form that would increase their liability without making too much of a fuss about it and raising eyebrows. |
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http://www.serendipity.li/wot/lehrman.htm
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| | What matters? |
| | Silverstein took out insurance cover of $3.6 billion on the WTC properties, then sought to recoup $7.2 billion from insurers on the grounds that the two hijacked airliners that struck the 110-story twin towers Sept. 11 were separate 'occurrences' for insurance purposes, entitling him to collect twice on the $3.6 billion of policies. | | | Larry Silverstein would only have to pay the city $25 million yearly in an in-lieu-of-taxes agreement, about $75 million less than what the property taxes would actually be. | | | Larry Silverstein is, incidentally, a board member of the Museum of Jewish Heritage, and it is said that if the $7.2 billion insurance succeeds, much of the proceeds will be donated to Israel. |
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http://www.whatmatters.nu/wmeletters/wmeletters40.html
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| | Real Estate Weekly: Silverstein to be reimbursed $98M of WTC investment - Larry Silverstein |
| | Silverstein is committing 100 percent of all future business interruption proceeds to the project. | | | Silverstein's companies likely will have to put up the same or more amounts of security for those new loans," Rubenstein said. | | | Silverstein to be reimbursed $98M of WTC investment - Larry Silverstein |
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http://www.findarticles.com/p/articles/mi_m3601/is_16_50/ai_111466464
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| | Killtown's: Was the WTC 7 pulled? - Reports & Articles: New York Metro (04/18/05)... |
| | Silverstein could always drop his price, or offer givebacks or rebates or free renovations—or the state could offer tax breaks—but despite a slight downward trend in the amount of available space downtown, there are still plenty of more affordable alternatives. | | | Silverstein used what insurance proceeds he had to keep paying the rent to the Port Authority—$120 million a year, escalating over the next fifteen years to over $200 million—and start planning new towers. | | | If there’s any significant delay—if Silverstein runs out of insurance money waiting for tenants—he may be found in default and lose the right to develop. |
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http://thewebfairy.com/killtown/wtc7/archive/newyorkmetro_041805.html
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| | CNN.com - Verdict in 9/11 insurance battle - Apr 29, 2004 |
| | The trial's central issue was whether a document drafted by Silverstein's insurance broker in June 2001 was in effect at the time of the attacks. | | | After leasing the complex, Silverstein negotiated with 24 insurance companies for a maximum coverage of $3.55 billion per catastrophic occurrence. | | | After a three-month trial, jurors decided Thursday that the attacks should be considered a single event for nine insurance companies, which together are responsible for at least $1 billion in coverage. |
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http://www.cnn.com/2004/LAW/04/29/attacks.insurance
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| | Silverstein Makes a Huge Profit off of the 9/11 Attacks |
| | Instead of renovation, Silverstein is rebuilding, funded by the insurance coverage on the property which 'fortuitously' covered acts of terrorism. | | | As reported in The Washington Post, the insurance company, Swiss Re, has gone to court to argue that the 9/11 disaster was only one attack, not two and that therefore the insurance payout should be limited to $3.55 billion, still enough to rebuild the complex. | | | The total potential payout is $7.1 billion, more than enough to build a fabulous new complex and leave a hefty profit for the Silverstein Group, including Larry Silverstein himself. |
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http://www.whatreallyhappened.com/silverstein.html
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| | Wired New York Forum - Larry Silverstein speaks again |
| | Silverstein's only ideology is financial, we all know that. | | | The developer is in the midst of a bitter legal battle with the insurers who issued a $3.5 billion policy for the WTC, claiming he deserves to be paid nearly twice that amount. | | | February 14, 2003 -- World Trade Center leaseholder Larry Silverstein told Mayor Bloomberg yesterday that a City Hall proposal to take over his insurance billions is unworkable, sources told The Post. |
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http://www.wirednewyork.com/forum/printthread.php?t=3526&pp=50
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| | New York Daily News - Ideas & Opinions - Editorials: Put the hammer to Larry Silverstein |
| | Real estate developer Larry Silverstein, who holds the rights to build on Ground Zero, is asking the state and city for permission to sell $3.3 billion worth of so-called Liberty Bonds to help finance the office towers that are supposed to rise on the site. | | | They must use their power to full advantage and, at all costs, they must not give the bonds to Silverstein without the power to demand their return the moment he falls behind schedule. | | | They question whether he would be able to charge rents that are high enough to meet the cost of construction and repay debts, making it impossible for him to sell the Liberty Bonds. |
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http://www.nydailynews.com/news/ideas_opinions/story/372762p-317029c.html
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| | The YBBS - Why Larry Silverstein Can't Get It Up |
| | Larry only got back the one-hit payola, with a lot of expenses, though still considerable profit, but obviously leaving a shortfall for the $2.3 billion tower, not to mention the $9 billion complex. | | | So now Silverstein could rebuild funded by insurance coverage that miraculously covered acts of terrorism. | | | Where things start to come apart for Larry-boy is with those pesky insurance companies, who barely like to pay what they owe you, let alone what you’re padding. |
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http://www.yourbbsucks.com/forum/showthread.php?t=9088
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| | PsyOpNEWS.com The Psychological Operations Alert |
| | Silverstein has insurance money to rebuild and get the $110 million of annual rental income flowing again. | | | Despite the transfer to private hands, the tax payments would still come from the Port Authority -who had been making yearly $25 million payments in lieu of taxes to New York City. | | | The purchasers lease deal had spanking new insurance |
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http://www.serendipity.li/wot/psyopnews2.htm
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| | [No title] |
| | Silverstein Properties, Inc. (“Silversteinâ€) publishes this Website solely for general informational purposes and nothing herein is intended to be an offer of property, or leasehold or goods or services or employment or a representation as to property, or leasehold or goods or services or employment that will be provided to any person. | | | However, it cannot guarantee its accuracy and under no circumstances will it be responsible for inaccuracies whether in material provided by Silverstein or obtained from third parties. | | | The most important move was made by Larry Silverstein. |
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http://www.wtc.com/design_approach.aspx
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| | Larry Silverstein sues insurer |
| | Developer Larry Silverstein is suing the insurer of 7 World Trade Center, saying he wasn't paid $420 million of the $860 million in insurance proceeds he was due after Sept. 11. | | | Industrial Risk Insurers, a unit of General Electric Co., said the policy only requires it to pay for construction completed by Sept. 11, 2003, the two-year anniversary of the attack. | | | The developer is building a 52-story office tower which is scheduled for completion at the end of 2005. |
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http://www.newyorkbusiness.com/news.cms?id=5628
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| | The Webfairy -- [cia-drugs] Lucky Larry |
| | Silverstein agreed to pay over 99 years a total of 3,2 | | | prompted 7,2 billion Dollars to rain down on Larry's | | | Silverstein in return paid a leasing fee to the |
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http://thewebfairy.com/911/cia-drugs/Msg01921.html
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| | New York Daily News - Home - Butt out, Larry |
| | December 2004: Federal jury rules the towers were destroyed as a result of two attacks, not one, boosting Silverstein’s likely insurance payout to $4.6 billion. | | | Not only does he hold a lease on the property, he also is the likely recipient of $4.6 billion in Ground Zero insurance payments - money that is critical to rebuilding the area. | | | Mayor Bloomberg to World Trade Center developer Larry Silverstein: It's time for you to go. |
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http://www.nydailynews.com/front/story/358422p-305310c.html
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| | USATODAY.com - Developer fights for WTC rebuilding rights |
| | After a lengthy legal battle to determine whether his $3.5 billion insurance policy should count once or twice for the attacks on both towers, he ended up with $4.6 billion, which he has been using to pay for rent, legal fees and construction costs. | | | The agency has not decided whether to give Silverstein $1.6 billion in tax-exempt Liberty Bonds he has sought for the project. | | | The city's Economic Development Corp. issued an analysis last month concluding that Silverstein had only enough money to build two towers and would be billions of dollars short on the others. |
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http://www.usatoday.com/news/nation/2006-03-11-wtc-developer_x.htm?csp=34
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| | Down to the Wire at Ground Zero - New York Times |
| | The city's report estimates that even if he and his company default early, they could still walk away with as much as $500 million in fees, commissions and equity. | | | Silverstein and his partners could still reap considerable profits. | | | That means settling matters now with Larry Silverstein. |
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http://www.nytimes.com/2006/02/13/opinion/13mon1.html?ex=1297486800&en=0bbe0d7b07c17ba5&ei=5090&partner=rssuserland&emc=rss
(455 words)
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| | Larry Silverstein's $3.5B Definition - Forbes.com |
| | Wachtell's argument goes like this: When Silverstein was negotiating with the insurance companies, his broker Willis Group Holdings (nyse: WSH - news - people) propounded a form of insurance called the WilProp form. | | | Otherwise, he would be stuck with the $3.55 face value of the policies. | | | If Wachtell manages to tell that to New York jurors in a courtroom about a mile from the site of the catastrophe, they may be inclined to care more about two towers falling than they do about 20 insurance binders passing. |
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http://www.forbes.com/home/2003/07/23/cx_da_0723topnews.html
(961 words)
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| | 9/11 - All the Proof You Need |
| | Larry Silverstein invested $386 million in WTC 7. | | | Several weeks after the events of 9/11, Larry Silverstein, the new owner of the WTC was interviewed on TV. | | | In February of 2002, his company won a settlement of $861 million from Industrial Risk Insurers. |
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http://tvnewslies.org/html/9_11_-_all_the_proof_you_need.html
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| | Godlike Productions -- PROOF THAT LARRY SILVERSTEIN STILL LIES ABOUT WTC7 |
| | Silverstein had only recently purchased the WTC buildings and took out a massive insurance policy on the buildings. | | | If he WAS aware of this statement buried in the report, he was banking, I suppose, that no one would notice the blatant contradiction between his statement and what the FEMA report said. | | | Furthermore, WTC7 was blown up as part of an insurance scam that would only pay back if fires, not explosives, brought the buildings down. |
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http://www.godlikeproductions.com/bbs/message.php?messageid=197662&mpage=1&showdate=1/8/06
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| | Larry Silverstein -- Leaseholder of World Trade Center |
| | How you can advertise your firm on Emporis. | | | Silverstein has been President of Silverstein Properties, Inc., a Manhattan-based real estate investment and development firm which owns interests in and operates over 10 million square feet of office space. | | | Larry A. Silverstein is a real estate developer in New York City and was appointed a director of Westfield America in May 1997. |
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http://www.emporis.com/en/bu/sk/wt/cp/if/si
(251 words)
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| | Larry Silverstein, WTC 7, and the 9/11 Demolition |
| | One other thing, insurance payments from WTC 7's collapse profited Silverstein Properties to the tune of ~$500 million. | | | If the FEMA collapse report were true then the fires shown would have been burning throughout entire floors, not just in a few rooms. | | | Firemen anticipated the building's collapse (even though fire had never brought down a fire-protected steel building prior to 9/11). |
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http://www.whatreallyhappened.com/cutter.html
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| | Larry Silverstein |
| | Receive email updates whenever we have important announcements or there have been major updates to the site. | | | Private businessman Larry Silverstein’s $3.2 billion purchase of the World Trade Center is finalized, giving him de facto ownership with a 99-year lease of the building. | | | (8:00 a.m.): Larry Silverstein Doesn’t go to WTC Due to Doctor’s Appointment |
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http://www.cooperativeresearch.org/entity.jsp?entity=larry_silverstein
(1179 words)
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| | The Real Deal - The Real Deal Podcast: Larry Silverstein |
| | THE REAL DEAL: How do you see the city and the state involved in the redevelopment of the World Trade Center site? | | | LARRY SILVERSTEIN: We, the city, the state, and the Port Authority, the LMDC [Lower Manhattan Development Corporation] signed contractual commitments setting forth exactly what we would build down there, pursuant to the master plan that had been vetted through the public process. | | | CEO and president of Silverstein Properties, Silverstein is the primary leaseholder at the World Trade Center site and the developer of the new 52-story 7 World Trade Center. |
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http://www.therealdeal.net/issues/MARCH_2006/1140978827.php
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| | Curbed: Larry Silverstein, Bird Killer!! |
| | Curbed's mega-linklist of NYC real estate brokers and listings search sites | | | Silverstein does something because it is symbolic, he does things that are profitable. | | | · Larry Set for 2nd WTC Trial [NYPost] |
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http://www.curbed.com/archives/2004/09/28/larry_silverstein_bird_killer.php
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| | Jewish Magnate had just signed $3.2 billion deal on WTC towers - Larry Silverstein, World Trade Center, Runnway 69 |
| | Silverstein wants to start rebuilding the structures according to Steve Solomon, his spokesman, however four employees of Silverstein's company who worked in the firm's management office on the 88th floor of the tower known as 1 World Trade Center have not been accounted for. | | | He received the 99 year lease worth $8 billion for a mere $3.2 billion. | | | Jewish Magnate had just signed $3.2 billion deal on WTC towers - Larry Silverstein, World Trade Center, Runnway 69 |
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http://www.aztlan.net/sstein2.htm
(471 words)
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| | NYO - Special News Story 1 |
| | The towers Larry Silverstein is now contracted to build are such buildings. | | | At 70, developer Larry Silverstein watched his most important property, the iconic and world-famous World Trade Center—which he’d bought despite any amount of industry odds-making only weeks before—dissolve into cinders. | | | Silverstein said, weren’t the Port Authority, or the city, but the insurers, and he—almost out of spite—fought them to a very litigious end. |
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http://www.observer.com/finance_specialnewsstory1.asp
(640 words)
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| | Beijing Vantone Chairman Lun Feng and WTC Developer Larry Silverstein Announce Initial Agreement to Create the China ... |
| | About Silverstein Properties Silverstein Properties is a Manhattan-based real estate development and investment firm that has developed, owns and manages more than twenty million square feet of office, residential and retail space. | | | About the Partnership for New York City The Partnership for New York City (http://www.pfnyc.org) is a network of business leaders dedicated to enhancing the economy of the five boroughs of New York City and maintaining the city's position as the center of world commerce, finance and innovation. | | | Beijing Vantone Chairman Lun Feng and WTC Developer Larry Silverstein Announce Initial Agreement to Create the China Center at 7 World Trade Center |
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http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/01-24-2006/0004266725&EDATE=
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| | Management of Silverstein Properties |
| | As a Professor of Real Estate, his "Silverstein Workshop" became one of the best attended and most informative educational programs in real estate development and investment analysis. | | | Larry A. Silverstein serves as President and CEO of Silverstein Properties, Inc. and is a member of the New York Bar. | | | He contributes his time and resources to the United Jewish Appeal/Federation of Jewish Philanthropies of New York, on whose board he served as chairman. |
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http://www.silversteinproperties.com/silverstein.htm
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| | Real Estate Weekly: Silverstein, Dinkins unveil office center for non-profits - Larry Silverstein and Mayor David N. ... |
| | "No," Silverstein said he explained, it is "not a non-profitable center" but a place for non-profit organizations to house their offices. | | | Representatives of more than 120 non-profits and associations attended the ceremony, which was held in raw space on the 16th floor of the waterfront building. | | | In his remarks, the mayor noted, "There is a phrase from the Book of Proverbs that says, 'In all labor there is profit.' In other words, even in not-for-profits, there is profit." |
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http://www.findarticles.com/p/articles/mi_m3601/is_n30_v39/ai_13508470
(483 words)
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| | Onwards and upwards - Larry Silverstein hopes to redraw the world's most famous skyline |
| | If he brings an essential talent to this task, it is a proven ability to get things done. | | | Mr Silverstein arranged his own first syndicate for a small building in 1957 by raising $200,000 in tiny lots from existing clients, and then went from one bank branch to another to borrow more. | | | Onwards and upwards - Larry Silverstein hopes to redraw the world's most famous skyline |
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http://www.freerepublic.com/focus/f-news/689618/posts
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| | A Blog For All: The Battle For Ground Zero, Part 56 |
| | Michael Bloomberg blasted World Trade Center developer Larry Silverstein in comments to the New York Daily News editorial board, saying "it would be in the city's interest to get Silverstein out," and suggested that schools and residential buildings would make better use of the space at ground zero than office towers. | | | Silverstein is developing mostly office space — as he is allowed under his deal with the quasi-independent Port Authority. | | | Bloomberg has said he envisions lower Manhattan as "a true 24-hour downtown community," with more around-the-clock service businesses. |
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http://lawhawk.blogspot.com/2005/10/battle-for-ground-zero-part-56.html
(540 words)
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| | Silverstein - Wikipedia, the free encyclopedia |
| | For the New York City real estate developer, see Larry Silverstein. | | | Silverstein is a Canadian rock band from Burlington, Ontario of debatable sub-genre. | | | The band was formed in 2000 in what they facetiously called in a press bio "an attempt to exploit the marketability of hardcore, emo and punk". |
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http://en.wikipedia.org/wiki/Silverstein
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| | WTC7.net the hidden story of Building 7 |
| | However, according to FEMA's report there were no manual firefighting operations in Building 7, so there would not have been any firefighters to "pull" -- at least not from inside the building. | | | A third explanation is less obvious but makes sense of the non-sequiturs in the above explanations: perhaps Silverstein's statement was calculated to confuse the issue of what actually happened to Building 7. | | | Web research supports the theory that Silverstein's remark was part of a calculated distraction. |
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http://www.wtc7.net/pullit.html
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| | ipedia.com: September 11, 2001 attacks Article |
| | Larry Silverstein, the leaseholder on the World Trade Center complex in Manhattan comments on 7 WTC | | | FEMA's report on the demolition contradicts this public admission by Silverstein. | | | However, the two towers collapsed in markedly different ways, indicating that there were in fact two modes of failure. |
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http://www.ipedia.com/september_11__2001_attacks.html
(4587 words)
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| | Curbed: Larry Silverstein's Vibrant, Pulsating Downtown Adventure |
| | Thanks to the Real Deal's latest podcast, the chirpy, flowing voice of developer Larry Silverstein flows from our iPod as we type these very words. | | | We've had many dreams in life that haven't come true, but today, one special wish is so very real. | | | As a matter of fact, if you walk down, in an easterly direction, you walk towards the east river along the south side of wallst, you'll be amazed to find that all of those buildings have been converted to residential use. |
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http://www.curbed.com/archives/2006/02/22/larry_silversteins_vibrant_pulsating_downtown_adventure.php
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| | Larry Silverstein Shills His Lucky 7 |
| | So when The Architect’s Newspaper wrote to the developer asking to use 7 WTC for its second-anniversary party on November 18, Silverstein’s PR apparatchiks eagerly offered it the run of the 49th floor. | | | “The first thing I saw as I approached the north wall was an airplane.” Critic Michael Sorkin commandeered the mike to plead with Silverstein not to build another office building on sacred ground, and was followed by the AN publisher thanking the developer for the party space. | | | Larry Silverstein may not be particularly revered by the city’s architects, but that isn’t to say they’re not curious about what he’s built. |
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http://www.newyorkmetro.com/nymetro/news/people/columns/intelligencer/15206
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| | :: Libertythink :: Encouraging Cognitive Liberty in an Age of Statist Propaganda :: |
| | RealVideo clip from the PBS documentary, "America Rebuilds." In it, Larry Silverstein, the leaseholder on the World Trade Center complex in Manahattan, admits that WTC 7 was "pulled," that is, intentionally demolished: | | | This rather undermines the FEMA report on the WTC collapse, which says: |
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http://libertythink.com/2004_01_18_archives.html
(4742 words)
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| | 9-11 On Trial |
| | Another troubling aspect of the official story is countered with the questioning of the curious collapse of building #7. It was not in the debris field, yet it collapsed (and Larry Silverstein even admitted that the building was “pulled”). | | | Even if 10,000 gallons of jet fuel were injected in one floor, it still wouldn’t be enough to melt the steel. Also, the black smoke does indicate an oxygen starved fire. |
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http://th2news.freewebpage.org/index_files/911ontrialreview.html
(149 words)
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