The Bloomberg administration's war against developer Larry Silverstein got even uglier yesterday, as each side hurled insults at the other.
But City Hall had some extra ammo: a line-by-line analysis purportedly showing hundreds of millions of dollars that Silverstein will accrue in profit from the World Trade Center site.

"It's time to inject a dose of economic reality into the discussion about the future of the World Trade Center site," said Dan Doctoroff, deputy mayor for economic development and rebuilding, in an interview with the Daily News.

"What we're looking at, as we look ahead a few years, is a default, a half-finished site and a developer who walks away with potentially over half a billion dollars in profits and fees," Doctoroff said. "We simply can't allow that to happen."

The city's analysis, reviewed by The News, asserts that Silverstein used insurance money to repay himself and his lenders for the entirety of their original investment. The city claims Silverstein no longer has any of his money at risk in the project and will soon run out of insurance funds.

A top Silverstein aide called the statements scurrilous.