The Port Authority of New York and New Jersey goes into the market this week with $750 million of taxable bonds to finance construction at the World Trade Center site as uncertainty lingers over the project's future.

Developer Silverstein Properties Inc., which holds the lease to the site and development rights for three towers, has asked the Port Authority to act as a guarantor for as much as $3.2 billion of construction loans, but the agency has balked. According to published reports, it agreed to backstop $1.2 billion for one tower.

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