Larry Silverstein

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Larry Silverstein
Larry Silverstein
Birthday/Birthplace (1931-05-30) May 30, 1931
Brooklyn, New York City, New York, U.S.
Citizenship American
College(s) New York University (NYU)
Profession(s) Owner of Silverstein Properties

Larry Silverstein Short Bio

Larry A. Silverstein (Brooklyn, New York, May 30, 1931) is an American businessman.

Silverstein was born in Brooklyn, and became involved in real estate, along with his father, establishing Silverstein Properties. Silverstein separated from his business partner, Bernard Mendik, in 1977, and bought a series of large office buildings in Midtown and Lower Manhattan in the late 1970s. In 1980, Silverstein won a tender from the Port Authority of New York and New Jersey to build the World Trade Center 7, north of the twin towers. Silverstein was interested in acquiring the entire World Trade Center complex, and placed an offer when the port authority put the resort up for sale in 2000. Silverstein won the tender when an agreement between the initial winner and the port authority did not materialize, and the contract was signed on July 24, 2001.

Shortly after the September 11 attacks, Silverstein declared his intention to rebuild the complex, although he and his insurers were embroiled in a multi-year dispute over whether the attacks had constituted an event or two in terms of policy. of insurance, which provides a maximum of $ 3,550 million in compensation for the event.An agreement was reached with insurers in 2007 who agreed to pay $ 4,550 million, which was not as much as the monetary amount that Silverstein requested. Silverstein also had multiple disputes with other political parties, including with the port authority. In an agreement reached in April 2006, Silverstein retained the rights to build three office towers (Four World Trade Center, Three World Trade Center and Two World Trade Center), while the One World Trade Center belonged to the port authority, just like tower five, which could have had the option of being leased by a private developer and converted into a residential building.

Larry Silverstein Net Worth – $4 Billion

More Facts about Larry Silverstein

The Larry Silverstein’s statistics like age, body measurements, height, weight, bio, wiki, net worth posted above have been gathered from a lot of credible websites and online sources. But, there are a few factors that will affect the statistics, so, the above figures may not be 100% accurate.

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