The World Trade Center can rise again.
The Port Authority has settled a dispute with a Canadian company that it had accused of holding the steel for the new WTC’s massive antenna “hostage.”
ADF Steel had been refusing to ship the custom made pieces for the spire until the site’s owner, the Port Authority, paid up the millions ADF said the agency owed them for other products.
The PA said it’s contract for the spire steel specifically barred ADF from linking delivery of the pieces to payment for other projects, and that it was obligated to ship the steel because payments for the antenna pieces were up to date.
The PA also charged that if ADF delayed delivery for much longer, it would have dire consequences, delaying construction until the spring and forcing layoffs on 100 iron workers.
In statements issued this morning, ADF and the PA said they had settled their differences.
The exact terms of the deal were not disclosed, but ADF said it “enables the delivery and erection of the spire to proceed as scheduled.”