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"Mr. Silverstein has to get some real money, get some real tenants," Ward said. "That's why you build buildings. You don't build empty buildings as monuments." Silverstein declined to comment through a spokesman, but Mayor Michael Bloomberg, who has supported the developer, said the Port Authority was blocking Silverstein's efforts to resolve the conflict. "The Port Authority's not bailing out Silverstein. We have to bail out America. That's an outrageous statement," he said. Silverstein was supposed to build three office towers at the site but has said the economic downturn and tight credit market had made it impossible for him to secure independent financing. The authority wants Silverstein to build one tower immediately, then build a second in a few years once he has found a tenant for the building. The space reserved for a third tower would become a public space for an indefinite period, until market demand returns, Ward said. An analysis done for the Port Authority last year projected that might not be until 2030.
[Associated
Press;
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