New York governor "cautiously optimistic" on WTC project

The obstacles standing in the way of the World Trade Center project remain, but New York Gov. David Paterson expressed cautious optimism that an impasse between the Port Authority and developer Larry Silverstein could be resolved. "I think all sides have put real and tangible offers on the table," Paterson told the Lower Manhattan business group. "So how do you describe that? Cautiously optimistic? That's where I'd say we are." Meanwhile, Silverstein and partner the California State Teachers Retirement System could default on a $325 million loan on one of his existing office buildings in midtown Manhattan.

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