Larry Silverstein has withdrawn his $3.7 billion federal loan application for 2 World Trade Center, ending his bid for Railroad Rehabilitation and Improvement Financing. The longtime developer had hoped to fund the long-delayed 2.8 million-square-foot tower with low-cost federal debt, citing the building’s integration with transit infrastructure. While no reason was given for the withdrawal, a source said Silverstein is pursuing alternative financing with fewer bureaucratic hurdles.
Larry Silverstein
