Larry’s Liberty Bonds: Roll ‘Em

Larry Silverstein’s Liberty Bonds got their first approval today by the state’s Liberty Development Corporation, which officially “induced” $1,672,550,000 of the low-interest bonds that will be used to build towers 2 through 4, according to a press release from the Empire State Development Corporation. Next comes a public hearing, followed by a second vote. The city separately is expected to induce another $921 million in Liberty Bonds in July. Plus, there may be other bonds in store for the Port Authority, which is in charge of building the Freedom Tower–that is, as much of it as will get built.

Matthew Schuerman