Six months before the 9/11 attacks the World Trade Center was "privatized" by being leased to a private sector developer. The lease was purchased by the Silverstein Group for $3.2 billion. "This is a dream come true," Larry Silverstein said. "We will be in control of a prized asset, and we will seek to develop its potential, raising it to new heights." But the World Trade Towers were not the real estate plum we are led to believe.
Also, the towers required some $200 million in renovations and improvements, most of which related to removal and replacement of building materials declared to be health hazards in the years since the towers were built. How come Larry Silverstein Makes 7 Billion from WTC 9/11 insurance policy?
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Well the recovery of live is not possible but monetary claims can be made to recover some amount to the victims. Thanks for sharing story with us.
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William Martin
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