Any Update on Silverstein's Lawsuit?

[Oystein]

Understandable. Do you still think he was on the hook for rebuilding 1WTC?

Off topic.
In other words: You know nothing about this 12 billion lawsuit, correct?
You still can't do the (properly sourced) accounting on how he "made out like a bandit"?
I tought so.

 

[Oystein]

Do some research pal.

It's your (frivolous, libellous) claim that he "made out like a bandit". Burden of proof is on you. And you know it.
You must do the research. You are dodging the request for supporting for the 101st time at least, which is a very strong indication that you have no such evidence.

If you had ever spelled out your evidence here at JREF, you could and should link to that post every time someone asks you for this evidence.

Evidently, you have never presented your evidence.

 

[Oystein]

Do you think Arus is right?

Dodge number 102.
Arus is asking a question, not making a claim.

 

[Oystein]

Well, what you see here too often is this idea that Silverstein will have to use the insurance proceeds to rebuild the WTC. It's simply not true.

Dodge number 103.
Where are your numbers and your summation? Where are your sources? If you want to prove that he made out like a bandit, you must provide numbers for all his 9/11-induced expenses and income. Where is that list? Where is the sum? Where are the sources?

Nowhere.

RedIbis lies like a bandit.

 

[Oystein]

LS invested about 14 million of his own money in the WTC.

Source?
And that's it?
What about loss of income from tenants (probably in the vicinity of 3 billion since 2001)?

He received 4.6 billion in payouts.

Source?
Are you sure he already received (pocketed) the full sum?

About a billion rebuilt WTC 7 and paid off debts from the destroyed WTC 7.

This is a little ambiguous. Is that a cost of 1 billion? What about insurance payouts? What's the balance on WTC7?

About a billion of the insurance proceeds went to the building of 1WTC, which is owned by the PA.

So Silverstein "received 4.6 billion in payouts", and 1 billion of those he put into rebuilding (so far)? That seems to indicate he accepted that he has to pay for rebuilding.

Silverstein expects public and private financing to cover the cost of two more bldgs, further drowning an already sour real estate market in more unnecessary square footage.

http://online.wsj.com/article/SB10001424052748704436004576299650889672560.html

I am not a wsj subscriber and can't read the full article. The quote does not support any of your claims, it is just an assessment of the current real estate market.
When you say expects public and private financing, do you mean gifts, or loans? If loans, can you explain how an investor earns money on loans? Is that financing income for Silverstein?
When you say "the cost of two more bldgs", isn't it true that we are not talking about WTC1, 2 or 7 anymore, but are going off-topic?

http://www.nytimes.com/2009/05/21/nyregion/21zero.html

This is reflecting developments as of 2009. Eight years after the time that Silverstein, as you seem to alledge, came up with a scheme to "make out like a bandit" and kill thousands of New Yorkers (his own tenants).

If you were in his shoes, whouldn't you try to dodge and run away from your responsibilities as much as you can? Judgung from your behaviour here, that is indeed exactly what I would expect from you.
So Silverstein prefers to get money rather than to pay any. Kinda understandable. Is he getting through with this? Has this process ended? Have the PA and NYC yielded to his wishes?

Or isn't it rather not yet decided how great Silverstein's loss will have been in the end?


ETA: You could have quoted this from the NYT article:

Under a 2006 development agreement, Mr. Silverstein is to build three large office towers along Church Street, using insurance proceeds, tax-free bonds and private financing.

Nowhere is there an indication in this article, or any source that you have linked to, that this agreement does not stand.
Therefore, the assertion "Silverstein has to rebuild using using insurance proceeds, tax-free bonds and private financing" (i.e. his own money) is correct and affirmed by your own sources.
Deal with it.
Silverstein balking now and trying to revise that agreement amid a real or perceived real estate crisis makes business sense, but there is no telling whether or not he gets through with this. Therefore, your own claim "he made out like a bandit" remains unproven.

 

[RedIbis]

Oystein,
Instead of spamming and trolling perhaps you could answer what I've asked you many times now:

Do you still think that Silverstein owns and is on the hook for 1WTC as you suggested in your hasty calculation?

 

[The Big Dog]

Oystein,
Instead of spamming and trolling perhaps you could answer what I've asked you many times now:

Do you still think that Silverstein owns and is on the hook for 1WTC as you suggested in your hasty calculation?

He was neither spamming Nor trolling, is your game that weak that you have to make garbage up?

We continue to wait with bated breathe for your proof that he made out like a bandit.

If you ever even try to respond to that issue which has been on the table for at least a year, then perhaps we will all explain how your comments about 1wtc are grossly disingenuous. But that is freaking par for the course.

 

[Grizzly Bear]

My question is; is it even feasible economically speaking for Silverstein to have even tried "making out like a bandit" if he wanted to? Money to pay for something you're getting no revenue on has to come from somewhere, and insurance payouts are finite numbers. Considering he still owns part of the property I don't see how any of red's suspicions pan out.

 

[Oystein]

Oystein,
Instead of spamming and trolling perhaps you could answer what I've asked you many times now:

Do you still think that Silverstein owns and is on the hook for 1WTC as you suggested in your hasty calculation?

As per your own link, yes:

Under a 2006 development agreement, Mr. Silverstein is to build three large office towers along Church Street, using insurance proceeds, tax-free bonds and private financing.

Now instead of dodging, ducking, evading and avoiding, perhaps you could answer what everybody asked you hundreds of times now:
Where is your sourced calculation that shows how Silverstein "made out like a bandit"?

Your latest attempt failed - no sources, no complete tallying, no sum.

 

[Arus808]

So no public information about the lawsuit? Anyone has access to PACER?

 

[The Big Dog]

As per your own link, yes:


Now instead of dodging, ducking, evading and avoiding, perhaps you could answer what everybody asked you hundreds of times now:
Where is your sourced calculation that shows how Silverstein "made out like a bandit"?

Your latest attempt failed - no sources, no complete tallying, no sum.

Don't fall into Red's pathetic little trap.

For some bizarre reason, he is drawing a distinction between One World Trade Center, and the three other buildings that Silverstein is contractually obligated to build on the WTC site.

It is part of Red's pointless little game designed to obscure his lie about "Silverstein making out like a bandit" which he of course made up out of whole cloth, and runs from anytime it is brought up to him.

 

[RedIbis]

As per your own link, yes:


Now instead of dodging, ducking, evading and avoiding, perhaps you could answer what everybody asked you hundreds of times now:
Where is your sourced calculation that shows how Silverstein "made out like a bandit"?

Your latest attempt failed - no sources, no complete tallying, no sum.

You didn't answer the question. There were seven WTC bldgs. Two are built, 7 and 1.

Does Silverstein own and did he pay for 1WTC, as you stated in your hasty calculations?

 

[Longfellow]

Silverstein lost his shirt on 9/11. He LOST a ton of money.

Have truthers been right on ANYTHING?

To be fair, they almost always get the date right.

 

[Thunder]

Oystein,
Instead of spamming and trolling perhaps you could answer what I've asked you many times now:

Do you still think that Silverstein owns and is on the hook for 1WTC as you suggested in your hasty calculation?

how can you claim that Silverstein made out like a bandit with the insurance money, when his final costs for the new towers, his final payout from insurance isn't in yet, and his final losses from original WTC revenue has not been calculated?

have you even attempted to come up with some rough estimates, or did you just assume that he made out like a bandit because he is an "International Banker"?

 

[RedIbis]

how can you claim that Silverstein made out like a bandit with the insurance money, when his final costs for the new towers, his final payout from insurance isn't in yet, and his final losses from original WTC revenue has not been calculated?

have you even attempted to come up with some rough estimates, or did you just assume that he made out like a bandit because he is an "International Banker"?

There's no such thing as "the new towers" so stop asserting he has any obligation to build them.

 

[The Big Dog]

You didn't answer the question. There were seven WTC bldgs. Two are built, 7 and 1.

Does Silverstein own and did he pay for 1WTC, as you stated in your hasty calculations?

HAHAHA!!!! Hypocrite "like a bandit," huh Red?

Gee, Red is focusing on One World Trade Center rather than the rest of the WTC site, I wonder why???

 

[Thunder]

There's no such thing as "the new towers" so stop asserting he has any obligation to build them.

that is a lie. there is going to be a new tower 1,2,3,4,5 and there is already tower 7.

Silverstein owns the new 2,3,4, and 5. He already built 7.

how much is it going to cost him to build 2,3,4, and 5? how much will his final losses be from the original WTC?



RedIbis, when this is all over..what will Silverstein's final costs be compared to his insurance money?

 

[The Big Dog]

There's no such thing as "the new towers" so stop asserting he has any obligation to build them.

Oh, Red, strike two.

Your own link above states that Larry Silverstein entered into a contractual obligation to build three office towers on the site on the WTC complex.

I guess the whole International Financier thing made your lack of reading comprehension more acute. Hee hee!

Anyhow, still waiting for that whole evidence that he made out like a bandit, Red.

 

[Oystein]

You didn't answer the question. There were seven WTC bldgs. Two are built, 7 and 1.

Does Silverstein own and did he pay for 1WTC, as you stated in your hasty calculations?

He has an obligation to rebuild some of the rental space on the WTC premises. He never leased all of it, afaik.

So now back to you:

Sources
Numbers
Calculation
Result.
How much did Silverstein make when he made out like a bandit?

I will not accept any reply from you other than one that lists all income, all expenses, and all sources pertaining to Silverstein's WTC balance 2001-2011 (or beyond).

You made a claim months ago, you dodged, ducked, avoided and evaded since. Hundreds of times I am sure.

Man up or shut up.

 

[Oystein]

There's no such thing as "the new towers" so stop asserting he has any obligation to build them.

read you own source, the New York time: Agreement that Silverstein has to buold three towers from insurance he gets for WTC.

Do you dispute that?