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THE PORT AUTHORITY IS demanding that developer Larry Silverstein give back one of the plots for his three planned towers at the World Trade Center site in exchange for helping him to finance construction of one of those buildings, sources say.
The agency also wants Mr. Silverstein to exercise a lease option that would lock New York City into renting 600,000 square feet in the building that it may help finance--or, alternatively, to find another tenant.
The Port Authority of New York and New Jersey and Mr. Silverstein have clashed, and their feud threatens to impede building progress on the site.
Meeting set for Thursday
TWO WEEKS AGO, Mayor Michael Bloomberg called for a summit to end the logjam. That meeting now...