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Con Ed says it will evict Ground Zero mosque unless developer pays $1.7 million in back rent
NY POST ^ | Oct. 16, 2011 | By ISABEL VINCENT and MELISSA KLEIN

Posted on 10/16/2011 6:25:56 AM PDT by COUNTrecount

Pay up or get out.

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.

Con Ed and mosque developer Park51 have an unusual, uneasy alliance, sharing ownership of a site slated to be one of the most controversial projects in city history.

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. The buildings were connected years ago and used to house a Burlington Coat Factory store. SPLIT: Developer Sharif El-Gamal (inset) owns the right half of this complex, all of which he plans to raze for a mosque and community center, but leases the left from Con Ed, which hiked the rent.

Park51, which leases the substation from Con Ed, wants the two buildings so it can knock both down and build a $100 million, 15-story community center.

But the plan hit a major obstacle in August when 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, The Post has learned.

GROUND ZERO MOSQUE DOESN'T HAVE A PAYER

When the mosque failed to fork over the $1.7 million, the utility fired off a letter demanding the money by Oct. 4 and threatening to evict.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events; US: New York
KEYWORDS: groundzeromosque; newyork; newyorkcity
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Thanks COUNTrecount.

Additional:

http://www.freerepublic.com/focus/news/2793499/posts


21 posted on 10/16/2011 7:44:12 AM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: COUNTrecount

El-Gamal means The Camel in Arabic.


22 posted on 10/16/2011 8:14:07 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: COUNTrecount; jdege

I have negotiated many lease agreements for our various businesses and escalating rents are part of the deal.

http://smallbusiness.findlaw.com/business-operations/commercial-real-estate/commercial-real-estate-lease-negotiate.html


23 posted on 10/16/2011 8:17:29 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: edpc

“Con Ed just made itself a huge target.”

Yeppers. Lawfare is about to commence against ConEd.


24 posted on 10/16/2011 8:19:14 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: COUNTrecount

The symbol of Islam

The crescent of the embrace memorial for Flight 93

Symbol of the Euro currency


It's all just a big coincidence!!!
25 posted on 10/16/2011 8:45:25 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Vendome

So you’re thought is it’s not that Con Ed unilaterally increased the rent, but that the two parties negotiated a rent schedule, and that Con Ed has simply been failing to collect it, since 2008?

In that case, the retroactive increase would be quite justified.

I notice, from the story, that the mosque isn’t arguing the fact of the increase, but only the amount.


26 posted on 10/16/2011 10:34:14 AM PDT by jdege
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To: Mr. Mojo
"The Saudis will pay. $1.7 mil is like taking a couple pennies from their pocket. "

Yup. When the king takes his annual 12 week vacation to southern Spain the cost is $6.0 million a day.

Meanwhile, Americas middle-class feeds how many starving Muslim babies a day?

27 posted on 10/16/2011 11:02:35 AM PDT by blam
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