This will create a dispute. Larry Silverstein (the developer of the World Trade Center Properties) took a position against the decision. One spokesman declared that Silverstein was “deeply disappointed” and would appeal.” In other words, they are ready “to have exhausted every option to assure that the aviation industry’s insurers pay their fair share toward the complete rebuilding of the World Trade Center.”
Silverstein wants to obtain at least $ 3.5 billion from the aviation companies. It’s about United Airlines Inc., US Airways Inc., American Airlines Inc. and its parent company AMR Corp.
In response, their opinion is to not sustain a total recovery more than two and half times the fair value of the destroyed buildings.
Actually, the Trade Center owners estimate to $8 million the cost to replace the old towers.
