WTC developer says GMAC will pay rent through Oct.

Newswire

NEW YORK, Sept 25 (Reuters) - Larry Silverstein, the World Trade Center leaseholder, on Thursday said GMAC Commercial Mortgage Corp. had agreed to put off for one month its request for a court order that would let it stop paying the developer the money he needs to pay rent to the site's owner. GMAC, the complex's main lender, sued Silverstein because it feared the developer and the bi-state agency that owns the site had not set aside enough money to repay bondholders. Nearly $2 billion has ...

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