Oct 8, 2008 2:55 pm US/Eastern
WTC Owner, Developer Spar Over Late Fees
NEW YORK (CBS/AP) ―
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Dawn breaks over Ground Zero on Sept. 11, 2007, the sixth anniversary of the terrorist attacks on the World Trade Center in New York.
AP
The owner of ground zero says it's done all the work it has agreed to do before developer Larry Silverstein can build office towers there. Silverstein disagrees.
The Port Authority of New York and New Jersey says it stopped paying $300,000 in daily late fees to Silverstein on Sunday.
The agency has paid over $43 million this year for delaying the excavation of land Silverstein needs to build three office towers.
Agency Executive Director Chris Ward says the Port Authority has turned over the land it said it would.
The dispute appears to be headed for arbitration.
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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