"The owner (Silverstein) and the ground lessee (Port Authority) will get insurance for the past loss."
I don't know the details of this, but I would guess that it is as you describe: the insurance covers the past loss. But I'm talking about future loss of revenues from Silverstein not being allowed to build a commercial property. As much as I would like that outcome, do you really think it is fair? Wouldn't he have to be compensated forward in time somehow? That's what I meant by the billions of dollars figure.
Perhaps I am out of my mind though.
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I don't know the details of this, but I would guess that it is as you describe: the insurance covers the past loss. But I'm talking about future loss of revenues from Silverstein not being allowed to build a commercial property. As much as I would like that outcome, do you really think it is fair? Wouldn't he have to be compensated forward in time somehow? That's what I meant by the billions of dollars figure.
Perhaps I am out of my mind though.
- jim 6-10-2004 10:28 pm