Spitzer Saves Silverstein’s Day


Two months of negotiations by the Spitzer administration (and by Gov. Spitzer himself, who reportedly called in around 2 or 3 p.m. yesterday with advice of his own to help wrap things up) led to today’s $2 billion settlement of the outstanding insurance claims on the old World Trade Center.

That brings the total insurance payout for both developer Larry Silverstein and the Port Authority of New York and New Jersey--who, remember, are sharing the booty--to $4.55 billion, compared to the $4.68 billion that the courts said Mr. Silverstein was eligible for.

Let the Freedom Tower ring!

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