More than two years after terrorists brought down the World Trade Center, a federal jury will begin deciding a $3.5 billion question: Is the leaseholder entitled to collect insurance for one attack or for two? Opening statements start Monday in the three-stage trial, which pits developer Larry Silverstein against 13 insurers. The outcome will determine whether Silverstein gets $3.5 billion or $7 billion to rebuild at ground zero. Silverstein contends that the destruction of the World Trade Center constituted two attacks, because the twin towers were hit by hijacked airliners a little over 15 minutes apart. He and downtown development officials have been counting on the larger figure to build the 1,776-foot Freedom Tower, other skyscrapers and cultural buildings on the site within the next decade. Full Story
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