the ceo of silverstein properties is best known for redeveloping the world trade center, the company'srry silverstein leased the world trade center, 99-year lease, six weeks before the attacks. the company spent the last 20 years rebuilding welcome. we're delighted to have you with us >> thank you, tyler. thanks for having me >> silverstein properties fundamentally owned what we think of as the twin towers, am i correct on that? it was a 99-year lease, but that is an effective ownership. how much of the cost was covered by any kind of insurance i'm curious. >> well, we paid approximately $3.2 billion for the lease hold and received $4.5 billion in insurance proceeds which we shared with the port authority but have spent about $20 billion rebuilding and we're not finished >> when you think of the twin towers that came down, those were one part of that area of downtown that was so badly struck there were other buildings at world trade center that i understand you owned or now operate. is that correct? >> yes, there were many buildings. the vista hotel, the retail below which westfield co

after 9-11, silverstein invested tens of billions to transform the one-time smoldering disaster zone complete with a memorial and museum to honor lives lost. >> we're standing on the national 9-11 memorial. it's called reflecting absence. the name and the architecture of the plaza suggested what is missing. the people are missing and the buildings that were once here. >> gone but never forgotten. the area also revitalizes with residences, offices and restaurants. >> i hope that they see this as an opportunity to revive the exquisite nature of what brought this country together. it's for new yorkers and americans to come together once again. >> now, neil, 20 years later, you can see one world trade center standing behind me. near it are the memorial and the museum off of this major transit hub bringing people to this area once again. neil? >> neil: it is revitalized and then some. it's stunning. lydia, thanks very much. there were those that died on 9-11. countless others that died way after 9-11 including a young travis manion that was so affected by the attacks that he signed up to

silverstein on some of these ideas. they're very subtle l. they're very site specific they're very linden avenue specific and if that's acceptable, i would like to ask that you do that. >> yes. thank you, commissioner moore. absolutely. in fact, the plans that are in your set as well as that was in my presentation, these are really the bare bones distinction between auto service and auto sales that we did for the letter determination. in fact, in recent weeks, we've been digging in to how do we, you know, connect this space with the community further. we've been talking about retail, we've been talking about potential community space and so, everything that mr. silverstein and you just mentioned is on the table and the team is already working on it and so thank you for that direction and rivian's listening to the hearing today and that is certainly their goal. >> commissioner: i feel it's difficult to make this part of a condition and often at least having witnessed it myself in the past large use. corporate users have a tendency of making pr

after 9 11 silverstein invested tens of billions of dollars to transform the one time smoldering disastere into a place of sacred and remembrance, complete with a memorial and museum to honor lives lost or standing on the national 9 11 memorial. it's called reflecting absence the name and the architecture of the plaza really suggests. what's missing. the people are missing and the buildings that were once here gone but never forgotten. the area also revitalized with residences, offices and restaurants intended to breathe new life into lower manhattan. i hope they see this as an opportunity to revive the exquisite nature of what brought this country together to begin with it for new yorkers and americans to come together once again. oh, and you can see just behind me now one world trade center 20 years later, and the jewelry store says they see people from all over the world now, not just new yorkers, a testament to the plan to rebuild a place that brings everyone together in lower manhattan. lydia who fox business. so and in san francisco 2000 and one american flags are now on display at

after 9 11 silverstein invested tens of billions.place of remembrance, complete with the memorial and museum. to honor those who died. i said to myself early, very early on, we have a sacred obligation yet as the artists to rebuild this place, i hope they see this as an opportunity to revive the exquisite nature of what brought this country together to begin with it for new yorkers and americans to come together once again. silverstein says. when he set out to rebuild ground zero. he wanted it to be a place where people could both work and live so that remembering the lives lost and the sacrifices made would be a part of daily life ringing the opening bell on wall street today were the families of thomas sullivan and robert sutcliffe. they were two of the 10, new york stock exchange workers who died during the attack. oh say can you see by the dawn's the night? what's so a member of the u. s army, saying the national anthem above the trading floor this morning, right before trading got underway. the new york stock exchange stop tradi

after 9 11 silverstein invested tens of billions of dollars to transform the one time smoldering disasterplete with a memorial and museum to honor lives lost were standing on the national 9 11 memorial. it's called reflecting absence, the name and the architecture of the plaza really suggests. what's missing. the people are missing and the buildings that were once here gone but never forgotten. the area also revitalized with residences, offices and restaurants intended to breathe new life into lower manhattan. i hope they see this as an opportunity to revive the exquisite nature of what brought this country together to begin with it for new yorkers and americans to come together once again. and you can see just behind me now one world trade center 20 years later, and the jewelry store says they see people from all over the world now, not just new yorkers, a testament to the plan to rebuild a place that brings everyone together in lower manhattan. lydia, who? fox business ktvu, fox two news at five starts now. and now at five a long awaited milestone in the fight against covid-19, as the p

we talked to developer larry silverstein who told us when he set out to rebuild this area, he wantedrties that would bring people together. mr. silverstein actually acquired the world trade center only six weeks before the september 11th, 2001 attacks. those attacks destroyed the financial district and paralyzed the city's economy, in addition to taking thousands of lives. listen to this. >> it's something that i said to myself early, very early on, we have a sacred obligation here as new yorkers to rebuild this place. >> now, at that time, lower manhattan lacked economic diversity. it was a place where people came to work, so the goal after the attacks was to transform this part of the city into a place that brought people together, to work and live so that remembering lives lost and the sacrifices made here are a part of daily life. more than 20 billion dollars have been invested, and now 20 years later, we have the one world trade center which is just behind me, but also a memorial and a museum here, and a major transit hub, and still, charles, more projects that are in the works.

rebuilding at the world trade center site was a sign of america's resiliency and that task fell to larry silversteintack secured a deal to acquire america's largest tower signing a 99 year lease two months before their collapse. >> we learned so much by looking at what happened that could tell us before the collapse and we thought we designed a whole new era of structure in the its door in 2015. the designed 1776-foot tower rising from the ashes of america's darkest day to redefine the iconic new york city skyline and represent the spirit of freedom. >> wall street 2021 the heart of the financial center, not so much anymore it is much more residential, a lot of security around the new york stock exchange and plenty of tourist. current new york stock exchange president stacy cunningham was a traitor on the floor on september 11 she has witnessed all the changes firsthand. >> he saw lower manhattan involve as a neighborhood. our responses to events that we learned from and all the defining moments that make us who we are today and 9/11 was one of those moments. >> the footprint of the original towers

rebuilding at the world trade center site was a sign of america's resiliency and that task fell to larry silversteinto acquire america's largest tower signing a 99 year lease two months before their collapse. >> we learned so much by looking at what happened that could tell us before the collapse and we thought we designed a whole new era of structure in the buildings today and make them the safest buildings ever built in america. >> the centerpiece of the plan one world trade center rose to staggering heights and opened its door in 2015. the designed 1776-foot tower rising from the ashes of america's darkest day to redefine the iconic new york city skyline and represent the spirit of freedom. >> wall street 2021 the heart of the financial center, not so much anymore it is much more residential, a lot of security around the new york stock exchange and plenty of tourist. current new york stock exchange president stacy cunningham was a traitor on the floor on september 11 she has witnessed all the changes firsthand. >> he saw lower manhattan involve as a neighborhood. our responses to events that we l

silverstein on some of these ideas. they're very subtle l. they're very site specific they're very linden avenue specific and if that's acceptable, i would like to ask that you do that. >> yes. thank you, commissioner moore. absolutely. in fact, the plans that are in your set as well as that was in my presentation, these are really the bare bones distinction between auto service and auto sales that we did for the letter determination. in fact, in recent weeks, we've been digging in to how do we, you know, connect this space with the community further. we've been talking about retail, we've been talking about potential community space and so, everything that mr. silverstein and you just mentioned is on the table and the team is already working on it and so thank you for that direction and rivian's listening to the hearing today and that is certainly their goal. >> commissioner: i feel it's difficult to make this part of a condition and often at least having witnessed it myself in the past large use. corporate users have a tendency of making pr

go is the chief operating officer for silverstein properties.nal and current world trade center developer and property manager. >> before 9.11, quite frankly, lower. manhattan was mostly a work neighborhood and now it's a live work play. learn community, right. lots of residents. schools museums. parks. >> an interesting leigh much less of the financial and legal companies down here much more the technology, company's kind of become that technology center of men that the project to build the first residential tower is underway. the port authority of new york and new jersey is the actual owner of most of the site. >> the agency commissioned and built this structure known as kilis. it connects access to 13 transit lines. and it's also a place to shop. >> the story of 9.11 also reaches underground this subway station was buried in the attacks. it reopen 17 years later in 2018. >> in a city filled with places to go and things to see this area in lower manhattan holds a special significance in the hearts of neighbors and visitors have a seat brookfie

it wasn't clear how this area would be built but silverstein told us he was committed to the mission me. stuart: what a story, great report, always appreciate it. we will check the market because we have lost much of a rally up 150 points, we are up 14 and the nasdaq pairing its way into 27 points. that is the market still in the green. tom brady just launched a $20 million ad campaign. watch it. >> hang on a minute. how do you call this number, i am in. stuart: what is brady saying on the other end of the phone. we have that story. a billionaire wants to build this nation's first woke city. what would a woke city look and feel like, we will try to tell you. ♪♪ ♪♪ so wake me up when it's all over retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't

larry several steam -- larry silverstein has 180 feet over here.athan: i can't wait to hear what you've got to say to the governor of connecticut on taxes , given that lead up. tom: i want to talk about the speeding ticket i got in 1978 on the merritt parkway. jonathan: on the s&p, we advanced by 0.8%. yields higher by a basis point. nouriel roubini, 8:00 eastern time. tom keene in greenwich connecticut. here in new york city this morning, good morning. this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and tot

reporter: six weeks before the september 11th attacks developer larry silverstein signed a $3.2 billionrade center. after 9/11, silver steen invested tens of billions of dollars to transform the one-time smoldering disaster zone into a place of sacred remembrance, complete with a memorial and museum to honor lives lost. we're standing on the national 9/11 memorial. it's called reflecting absence. the name and the architecture of the plaza really suggests what's missing, that people are missing and the buildings that were once here. gone but never forgotten. the area also revitalized with residences, offices and restaurants intended to breathe new life into lower manhattan. >> i hope they see this as an opportunity to revive the exquisite nature of what brought this country together to begin with, for new yorkers and americans to come together once again. reporter: a testament to the resilience of the country and the city, neil. you can now see one world trade center stands just behind me completed 20 years later. neil. back to you. neil: thank you. that is beautiful, lydia. thank you ve

but when he came to lance ken silverstein and he saw the raw sewage issue he merely swung into action to office. a lot of people he brought come a lot of his friends were actually democrats. one of his best friends called himself a yellow dog democrat. so that was i think the relationship with bob woodson i learned about bipartisanship and a people can be friends and sometimes we have assumptions that people of different political bleep belief syt talk to each other. that's that most of us. that's a rare group of people that are like that i believe. however, with jeff sessions, the way i met senator sessions they have town hall meetings in lowndes county and probably throughout the state with the senators when they come back and meet with local constituents to tell them what they're doing in washington. this particular town hall meeting was in fort deposit, went there and he talked about visa grant programs are available to help with some of the issues. i raised my hand and asked the question, how do poor communities get access to these grants? especially poor committees with no tax b

silverstein nasima h. simjee bruce edward simmons diane m. simmons donald d. simmons george w.enneth alan simon >> and my husband. mark, your whole family loves you and misses you every single day. your legacy lives on in your three children, they are so much like you. i can still feel you watching over us and i will love you forever. >> and my father, joseph p mcdonald, i miss you every day and wish you were here to experience all of life's moments. i miss your smile, hugs, and hearing never ending jokes. seven years was not enough time together but i am grateful for my memories and the stories that i hear about you from my family members, which makes me feel like you are still here. i love you, and i try my best to live up to your legacy every day. [applause] >> michael j. simon paul joseph simon marianne liquori simone barry simowitz jane louise simpkin jeff lyal simpson cheryle d. sincock khamladai khami singh roshan ramesh singh thomas e. sinton iii peter a. siracuse muriel f. siskopoulos joseph michael sisolak john p. skala francis joseph skidmore, jr. toyena corliss skin

silverstein >> nasima h. simjee >> bruce edward simmons >> diane m. simmons >> donald d.mon >> kenneth alan simon >> and my husband. mark, your whole family loves you and misses you every single day. your legacy lives on in your three children -- i can feel you watching over us. i will love you forever. >> and my father, joseph p mcdonald. i miss you every day in which you were here to experience all of life's moments with me. i miss your smile, your hubs and your never jokes. seven years was not enough time together. but i am grateful of the memories and stories i hear from family members. it makes me feel like you are still here. i love you and i try my best to live up to your legacy every day. >> michael j. simon >> paul joseph simon >> marianne liquori simone >> barry simowitz >> jane louise simpkin >> jeff lyal simpson >> cheryle d. sincock >> khamladai khami singh >> roshan ramesh singh >> thomas e. sinton iii >> peter a. siracuse >> muriel f. siskopoulos >> joseph michael sisolak >> john p. skala >> francis joseph skidmore, jr. >> toyena corliss skinner >> paul alb