|
|
| Re: 370 Jay Street - SOLD (1154036) | |||
 |
|||
| Home > SubChat | |||
|
[ Read Responses | Post a New Response | Return to the Index ] |
|
||
|
Re: 370 Jay Street - SOLD |
|
|
Posted by BrooklynBus on Tue May 1 11:19:49 2012, in response to Re: 370 Jay Street - SOLD, posted by Mr RT on Tue May 1 07:53:49 2012. If you remember, the staff summary was for the purchase of 2 Broadway ( not a lease). The MTA was to give up 53 rented properties in exchange for buying a building. The headquarters on Madison Avenue which it was leasing was one of the properties to be oven up. The deal never called for vacating 370 Jay Street where the rent was $1 per year.The plan seemed to make a lot of business sense at the time with real estate prices continually rising at the time so it was not if much interest that th building was located in Manhattan. Then came 9-11 and plans changed. No longer did it seem safe to have everyone in one central location especially at the tip of Manhattan. The MTA quietly purchased 347 and 345 Madison Avenue. 347 is in much need of interior renovation. They did not give up most of their rental properties as planned so they couldn't fill 2 Broadway which remained more than half empty for a long time. So they moved offices out of 370 Jay and 130 Livingston into 2 Broadway just to show the politicians thy could fill up the building so they woudn't b criticized for not needing it thinking no one woud notice tat 370 was now vacant and 130 Livingston was half empty too. Now they plan to sell the Madion Avenue properties they just purchased a few years ago because they have no master plan and don't haven faintest idea of what they are doing. They just keep moving people around wasting money. They never were in 345 Adams and I don't know about 420 Lexington. |
|
|
|