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| Re:WHO OWNS GRAND CENTRAL TERMINAL? (33169) | |
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Posted by BMTLines on Thu Feb 21 12:57:08 2008, in response to Re:WHO OWNS GRAND CENTRAL TERMINAL?, posted by Edwards! on Thu Feb 21 12:43:20 2008. Penn Central Corp and its successor the American Financial Group continued to own GCT and the surrounding trackage while leasing them to the MTA. In December 2006 Argent Ventures bought GCT from AFG (fmr. Penn Central).MTA does have an option to buy the terminal in 2017. Otherwise the lease extends through 2274. As for the improvements - the MTA is collecting rent from subleasing the retail space for one thing. It is just like any other commercial lease where the lessee makes whatever improvements they deem necessary to run their business... |
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Re:WHO OWNS GRAND CENTRAL TERMINAL? - Chris R16/R2730 - Thu Feb 21 12:58:58 2008 Re:WHO OWNS GRAND CENTRAL TERMINAL? - BMTLines - Thu Feb 21 13:36:08 2008 Re:WHO OWNS GRAND CENTRAL TERMINAL? - Chris R16/R2730 - Thu Feb 21 16:11:52 2008 Re:WHO OWNS GRAND CENTRAL TERMINAL? - South Ferry - Thu Feb 21 16:14:00 2008 Re:WHO OWNS GRAND CENTRAL TERMINAL? - monorail - Thu Feb 21 18:38:35 2008 Re:WHO OWNS GRAND CENTRAL TERMINAL? - South Ferry - Sat Feb 23 18:57:04 2008
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