The New York State Liberty Development Corp. last week re-escrowed $2.59 billion of Liberty bonds for construction at the World Trade Center site due to unfavorable market conditions, according to a source familiar with the transaction.

The LDC sold the bonds in 2009 on behalf of developer Silverstein Properties Inc. It put the proceeds into escrow because the Liberty bond program was about to expire and the funds could not be used immediately.

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