Anaten Piewalker
New member
Keep in mind this is from mainstream media back then. Anyone could buy a copy of the Wall Street Journal then and read this article for themselves. That is, if, numbed by the events back then, one even bothered to flip through to Page B-1 of the Journal where it was buried.
All emphasis in bold and in [square brackets] is mine.
Permission to copy portions of the article through USA copyright fair use laws, which allows quotes verbatim for research and journalistic purposes.
The raw nerve of the Enemy never ceases to amaze and irk me.
-AP
All emphasis in bold and in [square brackets] is mine.
Permission to copy portions of the article through USA copyright fair use laws, which allows quotes verbatim for research and journalistic purposes.
The cataclysmic destruction of the World Trade Center came less than two months after control of the famed complex passed into private hands for the first time in its 30-year history.
A group led by New York developer Larry Silverstein and Westfield America Inc. acquired a 99-year lease of the 11 million square-foot complex from the Port Authority of New York and New Jersey. The value of the deal was put at $3.2 billion, making it one of the biggest real-estate deals ever.
[My note: Westfield America owned, back then and now, all of the major shopping malls in the USA. Remember a year after when Bushy Boy said "we all need to do what we can to recover from 9/11 .... buy buy buy]
Spokesmen for Mr. Silverstein and Westfield, a leading shopping-center company, couldn’t be reached for comment. [Oh really no kidding!]
The deal was the crowing achievement of Mr. Silverstein’s 50-year history as a New York real-estate investor and developer, capping his comeback from financial problems in the early 1990s. He triumphed over much larger public companies thanks in part to his experience in dealing with the Port Authority as the owner of 7 World Trade Center.
He developed that tower, which also collapsed in yesterday’s disaster, in the 1980s on land leased from the Port Authority. [Gee what a Cohen-cidence. Guess you get rich by being lucky, eh?]
One person familiar with the financing said the World Trade Center was insured in case of a terrorist bombing, but not insured if it was destroyed as an act of war. He said the risk was spread among many different insurance companies.
The Port Authority developed the complex in the 1970s in an effort to revitalize lower Manhattan and boost trade. It was led in part by David Rockefeller, who, as head of Chase Manhattan Bank, was worried about the migration of businesses to Midtown.
The raw nerve of the Enemy never ceases to amaze and irk me.
-AP