World Trade Development Talks Stalled

NEW YORK (AP) - Talks spearheaded by Mayor Michael Bloomberg to
end an impasse at the World Trade Center site are still stalled.

Monday was the third deadline set by the city for a resolution
to talks between the developer and owner of the site. Bloomberg
called for a summit last month, then set last Thursday as a
deadline, then extended talks through the weekend.

Deputy Mayor Robert Lieber says the talks will continue until a
consensus is reached.

Developer Larry Silverstein and the Port Authority of New York
and New Jersey have tried for months to renegotiate Silverstein's
lease to build three skyscrapers at ground zero. Silverstein wants
the Port Authority to guarantee over $3 billion in financing for
two of his towers. The agency has said it can only afford to back
one.


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