on june 25, 2014, the port authority of new york and new jersey reached an agreement with larry silverstein to finance the completion of 3 world trade center, and construction of the tower resumed. the financing included the sale of $1.6 billion of tax-exempt bonds, the largest-ever unrated bond deal in the municipal bond market. other sources of funding included $600 million in insurance proceeds, $210 million in cash contributions from the new york city and state governments, and $55 million in cash from silverstein properties itself. following the financing, the tower crane returned and a new anticipated completion of late 2017 was announced.