The Port Authority of New York and New Jersey will turn over site control of the World Trade Center’s planned office Tower 2 to Silverstein Properties 'in the next few days,' said agency Director Christopher Ward.

Ward, appearing at a City Council hearing on WTC construction delays, said the Port Authority has completed site preparation and infrastructure work for all three of the office towers developer Larry Silverstein wants to build.

Although the handover ends the agency’s obligation to pay Silverstein $300,000 per day, which went into effect after it missed its Dec. 31, 2008, completion deadline, the two parties continued their dispute over Silverstein’s demand that it finance the $2.75bn construction of two office towers.

bloomberg.com