The Port Authority of New York and New Jersey has reached a deal to end an $87 million payment dispute with a Canadian construction firm that helped build the One World Trade Center skyscraper in lower Manhattan, The Wall Street Journal reported today. The deal calls for Port Authority officials to pay $12.3 million to Ontario-based Collavino Construction Co. The money will enable Collavino Construction officials to make final payments to subcontractors who were hired for the World Trade Center project. A Collavino Construction subsidiary filed for bankruptcy on Oct. 17, 2014, as officials battled the Port Authority over expensive delays during construction of the 104-story project, which opened several weeks after the filing. Collavino Construction itself filed several months later.
