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Originally Posted by chris123678
I don't think I'm over exaggerating, just saying an honest opinion. I love this tower alot,but I can also see the concern. Why built it if there is no need. They have to lease 3 wtc first, so before they even begin on tower 2, I bet they will fill the entire tower 3 up before they start 2.
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I understand you're concern...it's shared by everyone. But I think your assessment is overly pessimistic. Many of New York-based tenants are waiting until the Presidential Election is over so that they can get some more long-term certainty. If Romney is elected, just the
perception of what his economic policies might be could drive these major companies to loosen their belts a little bit and be more willing to find these new digs throughout the city. If Obama is re-elected, that perception won't be as favorable through the lenses of big corporations, fair or not. But in either case, these tenants (which will most likely be major banks) want certainty before locking themselves into 15, 20, or 30 years leases.
I also think you don't understand Larry Silverstein's commitment. This isn't a side project that he's going to forget about. This is his baby, and he's stated that a number of times. His remaining towers at the World Trade Center site are his #1 priority, and they'll likely represent the final touch on his real estate legacy. And even if he simply can't find tenants in the conventional matter, he'll team up with politicians to drum up support, or figure something out in the 11th hour. Two massive holes at the WTC site would instantly become the biggest tangible symbols of American decline, and it would partially achieve the mission of Al Qaeda's terrorist attack on September eleventh. In other words, this is not a typical development, so you can expect its journey to be just as unique.