“Kukiko Mitani, whose husband, Stephen Pomerantz, owned the building at the time, tried to sell it for years, at one time asking $18 million. But when the recession hit, she sold it in July to a real estate investment firm, Soho Properties, for $4.85 million in cash, records show. One of the investors was the Cordoba Initiative, an interfaith group founded by Imam Feisal. “
http://www.nytimes.com/2009/12/09/nyregion/09mosque.html?pagewanted=2&_r=2&ref=nyregion
She was probably “encouraged” to reduce the price 13M. How else do you go from $18M to under 5?
http://www.cordobainitiative.org
The Times article doesn't say whether there are plans to build minarets.
"Kukiko Mitani, whose husband, Stephen Pomerantz, owned the building at the time, tried to sell it for years, at one time asking $18 million. But when the recession hit, she sold it in July to a real estate investment firm, Soho Properties, for $4.85 million in cash, records show. One of the investors was the Cordoba Initiative, an interfaith group founded by Imam Feisal. http://www.nytimes.com/2009/12/09/nyregion/09mosque.html?pagewanted=2&_r=2&ref=nyregion"