Java Man
Graduate Poster
- Joined
- Jul 30, 2010
- Messages
- 1,689
After he replaces them he no longer has the lease to collect rent and he has to pay the lease until he does.
Do you have a link to that?
After he replaces them he no longer has the lease to collect rent and he has to pay the lease until he does.
I'll have to look for it. One of the conditions he had to agree to (considering he's not replacing the exact same square footage) is after he finishes reconstruction he will no longer hold the lease. (I believe Mike has it on 911myths)Do you have a link to that?
I'll have to look for it. One of the conditions he had to agree to (considering he's not replacing the exact same square footage) is after he finishes reconstruction he will no longer hold the lease. (I believe Mike has it on 911myths)
It's bed time for me but, I will post the detail in the morning.
No not at all. I'm not all day in the forest observing trees fall and yet they fall.
Perhaps you're proposing that the explosions were small enough that they wouldn't be noticed. If so, then they would have been far too small to destroy enough columns to collapse the towers.
Once again that obsession with destroying columns. Why? Why do you insist in requiring explosives to destroy columns?
As promised.Do you have a link to that?
Silverstein also ran into multiple disputes with other parties in the rebuilding effort, including with the Port Authority. In an agreement reached in April 2006, Silverstein retained rights to build three office towers (150 Greenwich Street, 175 Greenwich Street, and 200 Greenwich Street), while One World Trade Center (previously referred to as the "Freedom Tower") will be owned by the Port Authority as well as Tower Five which may be leased out to another private developer and redesigned as a residential building.[2]
How how else would you rapidly bring the building down? Thermite?
In no way is he "making out" on the disaster. And no, he did not "lose his shirt" either.
Same problem.
What are you using to release the floors that can survive the impact and resulting fires, go into the building undetected, and also be triggered somehow.
How are you going to make the floors sag without fire?
If you read the agreements, part of the deal (and the loss of the tower lease) is he does not get to use as much public money (the bonds). This is good and bad for him, he gets to get it done quicker (and puts a fire under the Port Authorities ass) because the site now has deadlines for being ready. Besides the "bonds" are an interest free loan, not a gift.I still have my doubts as by 2006 when the construction started Silverstein had been sitting on 2B for at least a year if not two. A clever man like him can make lots of money from that amount of money. Plus I understand that he's only put 1B into the construction (PA putting down another 1B in bonds). That still leaves him 1B and whatever rent he's reaped already in his pocket for the purpose of generating more business for him. Plus as the building starts to come up the insurance will be obliged to fork out the remaining 2.5B. All this for a tower that's supposed to cost just 3B or so.
I'm also pretty confident he kept the parts that would make him more profit. I don't think a guy like him would say "oh please take whatever you want back, don't mind me". He is a clever man lets not forget that. I'm also pretty confident that he's making a profit from the reconstruction contracts too, directly or indirectly.
I'm also pretty confident he kept the parts that would make him more profit. I don't think a guy like him would say "oh please take whatever you want back, don't mind me". He is a clever man lets not forget that. I'm also pretty confident that he's making a profit from the reconstruction contracts too, directly or indirectly.
All that is needed now is a simple mechanism to release floors which is independent of the aircraft strike zone.
BTW: Don't forget the 3.2 B he put up to get the lease in the first place.
No. When you mortgage a house for 100K is that not your financial responsibility if it was to burn down? Silverstein put up 3.2 B for the lease, that does not disappear. Silverstein should expect a return on that investment. 9/11 reduced his return. This is not Harvard business stuff.The 3.2B is the total value of the lease, he just put about 600M into the bucket to get the towers.
No. When you mortgage a house for 100K is that not your financial responsibility if it was to burn down? Silverstein put up 3.2 B for the lease, that does not disappear. Silverstein should expect a return on that investment. 9/11 reduced his return. This is not Harvard business stuff.
The least complicated expalnation, given these conditions, is a team of ninja elves with unobtainium swords.
It isn't necessary to have the item survive the impact. The floors above the crash zone can be released to initiate the collapse. Those would not be affected by the crash or fire.
You can make the floors sag by damaging the main trusses.
So what? He's still responsible for the original lease if he wants to rebuild.What I mean is that he didn't put that amount of money in cash. He may be responsible for it or a fraction of it if he renegotiated that during the restructuring.