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| Re: Fate of Fifth Avenue Coach Lines (342005) | |||
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Re: Fate of Fifth Avenue Coach Lines |
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Posted by William A. Padron on Tue Mar 9 07:31:57 2021, in response to Re: Fate of Fifth Avenue Coach Lines, posted by K. Trout on Tue Mar 9 00:31:33 2021. American Premier Underwriters owned GCT until 2006. The MTA now owns it, plus the Harlem and Hudson Lines. From Wikipedia...In December 2006, American Financial sold Grand Central Terminal to Midtown TDR Ventures, LLC, an investment group controlled by Argent Ventures, which renegotiated the lease with the MTA until 2274. In November 2018, the MTA proposed to buy the station and the Hudson and Harlem Lines for up to $35.065 million, using the only purchase window specified in the lease: April 2017 to October 2019. The MTA approved the proposal on November 15, 2018,and the agency took ownership of the terminal and rail lines in February 2020. And so it goes... -William A. Padron ["Metro North"] |
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