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.
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