5 Comments

    1. uphillbothwaysnoshoe on

      The lease agreement Larry signed stated he must have at least $1.5 billion in insurance per building and that the insurance have no exclusion for terrorist acts.

      It was required by the Port Authority for him to even sign the lease. The people that loaned him money, said no, $1.5 billion is not enough. They wanted Larry to get $6 billion. They settled on $3.5 billion. Those money lenders were right.

    2. TheDunkirkSpirit on

      I mean, the WTC had already been attacked in ’93. It was clearly a target. If your house got wiped out in a hurricane, wouldn’t you get hurricane insurance for your next house?

    3. Not a bad return for the 15 million of his own cash he put up. He even later sued the airline for another billion.

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