An iconic gem of New York City's skyline is the latest victim of the office collapse [Chrysler Building]

Business Insider ^ | 10/03/2024 | Katie Balevic

[Olog-hai]

The Chrysler Building, a long-admired gem of New York City’s skyline, could be the latest victim of the nationwide office collapse.

The lease between Cooper Union, which owns the land on which the building sits, and RFR Holding was terminated last week, The Wall Street Journal reported.

Cooper Union, a private college in the city, told the Journal that RFR Holding had not paid its rent since May and owed it $21 million.

“As a result of their nonpayment, they are in default of the ground lease agreement,” John Ruth, Cooper Union’s vice president of finance, said in a statement shared with Business Insider. A termination notice was sent on September 13 and went into effect on September 27, the statement said. …

[LouAvul]

"Give a conservative a pile of bricks and you get a city. Give a liberal a city and you get a pile of bricks."

Drat. I tried to put that in my tagline. Too long.

[T.B. Yoits]

Except for cathedrals and monuments such as the Eiffel Tower and the Washington Monument, the Great Pyramid of Giza was the tallest man-made structure in the world from 2550 B.C. until the Chrysler Building was built in 1930.

Here we are not a century later and they've already long outlived their usefulness.

[henbane]

Unlikely that Cooper Union will tear down the Chrysler Building for unpaid rent.

[Mat_Helm]

Well Hans Gruber won’t be robbing that place any time soon, even during Christmas.

[rxh4n1]

“the disgusting, low ceilings urinal Penn station”

A miserable dungeon for the hapless commuters. I remember the old Penn Station.

[StarFan]

Ditto to that my FRiend.