08-09-2002, 03:49 PM
The existing 99 year lease with Silverman (i think that's his name) stipulates that a certain amount of office and retail space MUST be built so he can sub-let it all and bring in revenue. He's got at least a year's worth to recover, probably 4 or five by the time this gets built.
If not, they are in violation of the contract. City/Port Authority can't afford to give the money back or to lose a lawsuit over it.
If not, they are in violation of the contract. City/Port Authority can't afford to give the money back or to lose a lawsuit over it.
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