The developer and philanthropist Larry A. Silverstein has cut a striking figure in New York City. He owns the H.M.S. Bounty-size yacht favored by his peers and has dominated the rebuilding of ground zero for a decade.
Along the way, he has internalized a developer’s rule of thumb in New York: Only a rube puts much of his own money at risk.
Billions of dollars in Liberty bonds, insurance money, developer fees: Year after year, Mr. Silverstein has shaken the public tree and benefits have fallen to the ground.
Construction of 4 World Trade Center is completed and it stands about half empty, with commitments from just two tenants: New York City and State. Now Mr. Silverstein wants to complete his 70-something-story 3 World Trade Center. He has found just one prospective tenant for it.
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