Larry Silverstein, responding to the latest offer by the Port Authority, et. al., will not go softly along with either new World Trade Center proposal. His spokesman (or one of his spokesmen) Howard Rubenstein issued a statement today:
Equally intriguing is the Real Estate Board of New York’s take, as printed in Crain’s:
“It is an unusual provision and depending on its language, it could be a serious problem,” says Steven Spinola, the president of the Real Estate Board of New York.
Especially if Silverstein would be considered in default if he failed to build everything–10 million square feet–in the next six years. And where, exactly, are those 10 million square feet of tenants going to come from?