Developer Larry Silverstein will make no decision until wellinto next year on whether to appeal a federal judge's ruling lastweek that insurers need not pay $700 million in additional WorldTrade Center rebuilding costs.
Indeed, Bud Peronne, Mr. Silverstein's representative, said noappeal decision will be made until the appraisal process fordetermining replacement costs is complete, which he does not expectfor several months.
In last week's ruling, U.S. District Court Judge Harold Baer inManhattan rejected arguments that insurers needed to provide theextra payments for safety and political acceptability as“replacement” costs.
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