Posted on 10/16/2011 6:13:41 AM PDT by nuconvert
Con Ed has given the Ground Zero mosque an ultimatum: Pay the $1.7 million you owe in back rent, or we’ll terminate your lease and take back our property.
excerpt -
The utility owns a former substation on the western half of the property, at 51 Park Place, and the mosque developers own a five-story building on the eastern half.
excerpt -
Con Ed raised the rent from $2,750 a month, a rate set in 1972, to $47,437 a month, retroactive to July 31, 2008
(Excerpt) Read more at foxnews.com ...
Bloomberg can afford to help them pay it.
More to this than meets the eye....Will the muzzies win because they are muzzies??
The Muzzies will argue it was a rent-controlled property, and the rental raise (after 40 years) was motivated by unreasonable bias. Take it to court.
Obviously Con Ed has a legal team. I wonder if there is a clause in the contract that allows increasing rent and backdating it. Seems like it would violate contract law.
Con Ed employees better check underneath their cars before starting them, from now on.
Not to worry. Obama will guarantee their loan under his needy homeowners plan.
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