After Officials Fail to Reach Deal, Silverstein Takes Legal Action To End WTC Fight

The private developer of three buildings at the World Trade Center, Larry Silverstein, is taking a legal action to break an impasse over the rebuilding of the site destroyed in 2001. The move is a significant change in course, as it comes after the top elected officials in the city and state attempted, and failed, to broker a revised deal amid the economic crisis. 
In a letter sent Monday to other stakeholders involved with the project, Silverstein claims the Port Authority, which owns the site, is in default on numerous aspects of its development agreement. The letter starts the formalized arbitration process, which will ultimately put the matter before a three-person panel to rule on the issue.