New York
The stalled efforts to rebuild the former World Trade Center took a new twist last week when New York Mayor Michael Bloomberg said he wants to replace the site’s developer. Developer Larry Silverstein, who holds the lease on the site, stands to collect $4.6 billion for the loss of the twin towers in the 9/11 attacks. Silverstein has said he plans to use the money to replace every square foot of office space that was lost. But Bloomberg said he wants to include residential and retail space, which is in short supply in Lower Manhattan, and that he wants a different developer at the helm. City officials say forcing Silverstein out could be legally complicated and expensive.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - February 19, 2025Cartoons Wednesday's cartoons - marking territory, living under a rock, and more
-
Mickey 17: 'charming space oddity' that's a 'sparky one-off'The Week Recommends 'Remarkable' Robert Pattinson stars in Bong Joon-ho's sci-fi comedy
-
EastEnders at 40: are soaps still relevant?Talking Point Albert Square's residents are celebrating, but falling viewer figures have fans worried the soap bubble has burst
