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Old October 13th, 2008, 01:35 AM   #6301
Carlo[NL]
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The payout was $7.1 billion but nobody could pay him that amount of money, so he only got $2.2 billion right?
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Old October 13th, 2008, 03:14 AM   #6302
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$16.5 billion is the amount needed to build the WHOLE site. The Port Authority is building the transit hub which will cost close to 4 billion (it was 3.4 billion in feb 2007, and it is higher now). Plus the amount of money that the 9/11 memorial is going to cost (around a billion?) and close to 3 billion on the construction of the freedom tower (which the PA is paying for, but silverstein is building).
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Old October 13th, 2008, 06:24 AM   #6303
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a lot of people made money on 9/11... its a sad fact, but true, if you dont believe that then take an economics class. i am suprised tho at how much the memorial cost ($1 billion?) does that include the 9/11 museum too? or is it just the footprint fountains?
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Old October 13th, 2008, 09:28 AM   #6304
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price including museum
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Old October 13th, 2008, 12:24 PM   #6305
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Quote:
Originally Posted by cmjohns6 View Post
a lot of people made money on 9/11... its a sad fact, but true, if you dont believe that then take an economics class. i am suprised tho at how much the memorial cost ($1 billion?) does that include the 9/11 museum too? or is it just the footprint fountains?
Thats true, Bin Laden and the "terrorists" didn't win or gain anything from it, now they have to hide and be careful with what they do, and The Bush Administration and all the insiders did, so i think its a collaboration. But lets stay on topic should we.
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Old October 13th, 2008, 01:15 PM   #6306
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It wouldn't have actually been a bad idea...and would have been the ultimate 'middle finger up' to the Terrorist's
Rebuild the Twin Towers....so that two externally identical designs sit exactly where the old ones were.
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Old October 13th, 2008, 02:24 PM   #6307
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Given the recent trend towards hypertall towers, the 400 something metre roof height of this tower does seem to make it somewhat underwhelming.

I find it dissappointing that NYC is not competing on a global scale anymore.
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Old October 13th, 2008, 02:42 PM   #6308
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Quote:
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Given the recent trend towards hypertall towers, the 400 something metre roof height of this tower does seem to make it somewhat underwhelming.

I find it dissappointing that NYC is not competing on a global scale anymore.
In New York as well as the rest of the United States buildings are designed to be economically feasible not to show how wealthy someone is. In addition U.s. regulations prohibit buildings taller than 2000' this limit has never been tested and could probably be changed but challenging it would just add more cost to a building that was already economically unfeasible!

Let Dubai and other countries to become rich at America's expense spend the money on these frivolous towers and give some of their money back to the United States!
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Old October 14th, 2008, 12:31 AM   #6309
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Quote:
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That part is partially true. Here is a dose of reality:

Instead of renovation, Silverstein is rebuilding, funded by the insurance coverage on the property which 'fortuitously' covered acts of terrorism. Even better, Silverstein filed TWO insurance claims for the maximum amount of the policy, based on the two, in Silverstein's view, separate attacks. The total potential payout is $7.1 billion, more than enough to build a fabulous new complex and leave a hefty profit for the Silverstein Group, including Larry Silverstein himself.
It wasn't just Silverstein's view. The judge in the case RULED that the two hijackings and two crashes be treated as two terrorist attacks. Also, Silverstein's original insurance policy was for $3.55 billion, which if doubled would equal $7.1 billion. However, Silverstein and several of his 24 insurers still had not completed the final negotiations and signed off on any final insurance policy, therefore several of the 24 insurers got out of having to pay double. So the amount he received was greater than the $3.55 billion, but still less than the full $7.1 billion he would have received had he completed signing the papers with several of his insurers.

This brings up another point: If Larry Silverstein knew the attacks were coming, why didn't he make sure to sign all of the papers with all of his insurers, to make sure that he would receive as much money as possible? Sure doesn't sound like the actions of someone who knew the attacks were coming to me...

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However the court ruled that it was 2 different acts of terrorism. And gave him more profit than your number. I am not saying he was responsible for the attacks, but his wallet got fatter as a result and had the option to build this new beautiful complex instead of the old out-dated rusty WTC towers which were considered to be demolish since they were covered with asbestos and cleaning them would cost a lot and were dropping in value and were wasting more than were giving.
False. The asbestos was only applied to the lower 38 floors of the North Tower only when it was outlawed in 1970, at which point its application stopped. There was no asbestos above the 38th floor in the North Tower, nor in any of the South Tower. WTC7, built in the 1980s and also destroyed on 9/11, had no asbestos. Furthermore, the Port Authority wanted to sue its insurers in 1991 for them to cover the cost of removing the asbestos in the North Tower and estimated the cost at $200 million. (Truthers claim it was $600 million, but the article they refer to includes $400 million for JFK airport. The World Trade Center by itself was only $200 million.) The repair costs after the 1993 terrorist attack were over $500 million. $200 million was pocket change to the Port Authority, literally. Does it make sense for them to spend $16.5 billion in rebuilding costs, to avoid paying $200 million? Come on.
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Old October 21st, 2008, 02:00 PM   #6310
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Let's try again, shall we? I'm re-opening this thread, only this time I won't hesitate to ban people who feel the need to disrupt it.

Please try to understand: this is a project thread, which consists of photos and discussions about the construction of the tower.

That means NO off-topic/political discussions/conspiracy theories, trolling or personal insults.

Thank you.
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Old October 21st, 2008, 02:03 PM   #6311
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Thx for opening this thread wjfox, so where are we now?

I think the latest pictures showed the basement floors just one floor under street level. Am i right?
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Old October 21st, 2008, 02:19 PM   #6312
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Looks like it. Also they've put up some sort of bridge over the future West St connector.
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Old October 21st, 2008, 06:59 PM   #6313
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Anybody have a news of any kind, from the pass few days?
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Old October 21st, 2008, 07:04 PM   #6314
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the south core has risen one floor again
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Old October 21st, 2008, 07:58 PM   #6315
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indeed but there surely must be a specific reason why north core is not as active as the south.
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Old October 21st, 2008, 08:08 PM   #6316
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Quote:
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the south core has risen one floor again
Sounds nice
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Old October 21st, 2008, 08:31 PM   #6317
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indeed but there surely must be a specific reason why north core is not as active as the south.
yes, there's a reason...you can find it in that thread
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Old October 22nd, 2008, 03:36 AM   #6318
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The South Core Riseth!

image hosted on flickr


From katelynrushe
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Old October 22nd, 2008, 03:39 AM   #6319
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That's a sweet pic .
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Old October 22nd, 2008, 03:54 AM   #6320
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I like the sun window reflections, the construction site must be like a disco during the twilight work hours.
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