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 well 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 ...
El-Gamal means The Camel in Arabic.
I have negotiated many lease agreements for our various businesses and escalating rents are part of the deal.
“Con Ed just made itself a huge target.”
Yeppers. Lawfare is about to commence against ConEd.
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.
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?
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