Developer rejects governor's solution to WTC dispute

Developer Larry Silverstein has rejected a proposal by New York Gov. David Paterson aimed at resolving a dispute with the Port Authority of New York and New Jersey over the project. Paterson suggests that Silverstein complete the first of three towers and build retail and underground components of two other buildings while he secures financing and signs tenants for two additional buildings. Silverstein has invested little of his own money but has received about $150 million in development fees for work at the World Trade Center site.

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