Arbitrators: WTC rebuilding schedule back on table

AP News | 2010-01-27 19:41:03

<div id="subtitle">Arbitration panel sends WTC parties back to table to hammer out new rebuilding schedule</div><div><p>An arbitration panel is sending the owners and developer of ground zero back to the negotiating table to hammer out a new schedule for rebuilding the World Trade Center site.</p><p>But the arbitrators have denied developer Larry Silverstein's request to stop paying millions of dollars in rent at the site for the next decade.</p><p>Both Silverstein and the Port Authority of New York and New Jersey said Wednesday that arbitrators gave them 45 days to renegotiate a timetable.</p><p>Silverstein had claimed the agency was behind schedule and pushed it to guarantee more than $3 billion in financing for his towers.</p><p>The arbitrators ruled that any delays weren't sufficient to warrant canceling a 3-year-old agreement that divides responsibilities for rebuilding the site.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67914026&bid=informcom" /></div><div id="copyright"><div>


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