Any Update on Silverstein's Lawsuit?

LashL said:
Do you have anything at all to say about the subject matter of the thread and do you have anything at all in support of your claim that Mr. Silverstein "made out like a bandit"?
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I wish RedIbis would inform us as to how much Silverstein has received in insurance pay-outs, compared to how much he spent so far in construction costs.

I also wish he would show us his projections for Silverstein's final construction costs once all is said and done....and his calculations of Silverstein's final leasing costs for the old WTC.

Simply saying "he made out like a bandit", is quantitatively lacking in substance.
 
Thunder said:
I wish RedIbis would inform us as to how much Silverstein has received in insurance pay-outs, compared to how much he spent so far in construction costs.

I also wish he would show us his projections for Silverstein's final construction costs once all is said and done....and his calculations of Silverstein's final leasing costs for the old WTC.

Simply saying "he made out like a bandit", is quantitatively lacking in substance.
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Not to mention lost revenue.
 
I would love it if RedIbis would provide us with his calculations of how much revenue Silverstein WOULD have earned, as of today, if the WTC had not been attacked on 9/11/01.
 
RedIbis said:
Don't expect any serious responses
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Again: How will this be different from before?

Are you implying that all of your responses prior to this point WERE serious?

That's pretty sad, if that's the case. Even sadder to imagine what a "non-serious" response from you looks like.
 
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..still waiting for that thorough and up-to-date analysis of Silverstein's construction costs, leasing costs, and lost income, from RedIbis.

RedIbis?
 
Why is it so hard for people who are pushing their CTs to respond directly to a question posed to them? They almost always either
a.) just ignore it
b.) Post links to other CT sites as "evidence" which are doing nothing more than just stating opinion vs saying anything factual or
c.) Post something completely irrelevant and make claims that the skeptics don't know how to use the Scientific Method or something to that nature.
 
Hmmmmmm.

The parties do not dispute that the destruction of the WTC resulted in a loss that greatly exceeded $3.5 billion.
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Are insurance companies so gullible that they'll believe anything Silverstein tells them, or might RedIbis, perhaps, be wrong?

Dave
 
Dave Rogers said:
Hmmmmmm.



Are insurance companies so gullible that they'll believe anything Silverstein tells them, or might RedIbis, perhaps, be wrong?

Dave
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Boy, those insurance companies were resisting that double occurance. Personally, I find it strange that 25% of the coverage was under the one occurance defined by the Swiss Re insurance company and the rest were bound to the Allianz two occurance policy. I understand the layering process of bringing in multiple insurers but I assumed it would be identical coverage with each insurer.
 
ladmo said:
Boy, those insurance companies were resisting that double occurance.
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And yet, if RedIbis were right, they wouldn't have needed to. If they'd been able to demonstrate that Silverstein's consequent loss was less than $3.5B, there wouldn't have been any question of single or double occurence, they'd simply have paid out whatever number they settled on.

RedIbis seems to be operating on the assumption that the insurance companies are either in on it, too naive to consider the possibility that Silverstein might be overclaiming, or not as good as he is at investigating insurance fraud. The first option doesn't really tally with the existence of these lawsuits, and the second doesn't really tally with anything anyone's ever known about any insurance company, ever. So maybe RedIbis is simply the world's best insurance fraud investigator.

Dave
 
Thunder said:
and what about his expected income?
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His expected income or loss of income can only be attained by reconstructing the WTC. If he does not rebuild it, there is no loss of income. The WTC towers brought in $2M a month in rent receipts prior to 9/11.
 
AJM8125 said:
2 million a month? That figure might be a tad low.
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Let's assume this is profit. 24 million a year, on a 3.5 billion (capital value) investment, that's 0.7% profit.

For the downpayment and initial building maintenance, Silverstein got a loan of 800 million. Let's say he pays 4% interest on that. 32 million per year: Bad business.
 
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