In January 2001, Silverstein, via Silverstein Properties and Westfield America, made a $3.2 billion bid for the lease to the World Trade Center.
Silverstein was also given the right to rebuild the structures, should they be destroyed.
In total, Silverstein was awarded nearly $5 billion in insurance money following the destruction of the Twin Towers . He plans to use some or all of the settlement to rebuild. The World Trade Center had a total of 24 insurance policies.
Silverstein had the legal right to rebuild office buildings including the Freedom Tower at the World Trade Center site
Ground was broken on the construction of the Freedom Tower on April 27, 2006. Lack of financing had prevented construction from commencing earlier.
After the September 11, 2001 terrorist attacks, the United States Congress approved $8 billion in tax-exempt Liberty Bonds to fund development in the private sector at lower-than-market interest rates.
In return, the Liberty Bond funds were allocated to Silverstein and government agencies will be anchor tenants in his three office towers. This allows construction to commence.
In March of 2007 Silverstein appeared at a rally of construction workers and public officials outside of an insurance industry conference to highlight what he describes as the failures of insurers Allianz & Royal and Sun Alliance to pay $800 million in claims related to the attacks.
IT SEEMS TO ME, YOU'RE A PRETTY LUCKY MAN!! $3.2 BILLION INVESTED, $5 BILLION IN RETURN. $250 MILLION OWED. $5,000,000,000 MINUS $250,000,000 = HMMMM?
NOT ENOUGH TO REBUILD YET? 6 YEARS LATER? PAID RIGHT AFTER ATTACKS. HMMM? WHY THE HOLE?!!!