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December 07, 2004
Statement from Larry A. Silverstein Regarding Verdict in WTC Insurance Trial
"I am thrilled with today's victory. But this is a win for all New Yorkers. Today's decision means an additional billion dollars of insurance proceeds will be available, which, together with Liberty Bonds, will ensure a timely and complete rebuild of the World Trade Center. I strongly felt, and the jury agreed, that the destruction of the Twin Towers by two separate airplanes at two separate times was two separate occurrences and that these insurers have an obligation to pay their fair share to help make Lower Manhattan whole again.
"Everyone involved in the World Trade Center is determined to rebuild to the highest possible standards, and we have made amazing progress over the past three years. We topped out at 7 World Trade Center ahead of schedule and will have a completed building by the beginning of 2006. We laid the cornerstone of the Freedom Tower in a moving ceremony on July 4th, and nothing will deter us from our important mission."
Posted by Tom Troceen