The Port Authority’s latest offer to increase its financial support for Larry Silverstein’s World Trade Center office towers by $1.2 billion doesn’t go far enough for the developer — making it all but certain the stalled negotiations will go to arbitration next week.
In exchange for increasing their share of the financing for Tower 2, PA officials insist it must be matched by $625 million from Silverstein.
Janno Lieber, of Silverstein’s World Trade Center Properties, told members of Community Board 1 that credit is “just not available.”