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NEW LEGAL TANGLE FOR 7WTC
New York Post ^ | 5/8/03 | WILLIAM NEUMAN

Posted on 05/08/2003 10:30:52 PM PDT by Pro-Bush

Edited on 05/26/2004 5:13:46 PM PDT by Jim Robinson. [history]

May 8, 2003 -- The future of Ground Zero became mired in deeper legal troubles yesterday, as trade center leaseholder Larry Silverstein went to court to force an insurance company to pay up on the destroyed No. 7 World Trade Center. The litigation around the building, which Silverstein once declared would be the first to rise again at Ground Zero, also raises questions about Gov. Pataki's plan to have Silverstein break ground next summer on the world's tallest building.


(Excerpt) Read more at nypost.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: 7wtc; larrysilverstein
The insurance company claims its policy with Silverstein expires this year on Sept. 11, the second anniversary of the attacks - and that under the replacement-cost portion of the policy, the company is required to pay for rebuilding only until that date.

Hmmm.
1 posted on 05/08/2003 10:30:52 PM PDT by Pro-Bush
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To: Pro-Bush
The insurance company claims its policy with Silverstein expires this year on Sept. 11, the second anniversary of the attacks - and that under the replacement-cost portion of the policy, the company is required to pay for rebuilding only until that date.

Dear Insurance Company,
It will probably cost your company about 100 times more to have the building completed by Sept 11, but if you insist, I can start the process today.

2 posted on 05/08/2003 10:59:53 PM PDT by RJL
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