Negotiations to end a dispute over development at the World Trade Center site in Lower Manhattan continued Thursday ahead of an arbitration deadline today. In January, an arbitration panel gave developer Silverstein Properties Inc. and the Port Authority of New York and New Jersey 45 days to reach an agreement on how to proceed with the construction of three towers.

Silverstein Properties, which leases the site from the authority, has been seeking additional financial support from the agency, citing the credit crunch and economic downturn as obstacles to obtaining private financing. The Port Authority has largely balked at the demands.

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