The Port Authority missed its New Year’s Eve deadline to finish excavating Ground Zero, and developer Larry Silverstein will start collecting $300,000 a day in penalties.Despite working 20 hours a day, construction crews are still weeks away from clearing the subterranean beds on Church St. for Silverstein to erect Towers 3 and 4 of the sprawling project.
The Port Authority, which owns the site, said it could end up owing Silverstein $9 million to $13.5 million in fines because of the delay.
nydailynews.com | read article
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