The Port Authority of New York and New Jersey last week turned over the last site for the World Trade Center redevelopment to Silverstein Properties, Inc.

The PA has been paying the developer $300,000 a day in damages for its failure to meet deadlines for three sites on which it plans to build office towers. It was obligated to turn over two sites by Dec. 31, 2007, and the final site by Dec. 31, 2008, and will have paid Silverstein more than $130 million in penalties.

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