[one guy in new jersey]

A 200 year lease is all but ownership.

That said, it’s not ownership.

And the city wants money, not derivative landlord status in an office building.

They’ll want Trump to liquidate his leasehold interest and give New York whatever the sale yields.

[Dr. Franklin]

A 200 year lease is all but ownership.
That said, it’s not ownership.
And the city wants money, not derivative landlord status in an office building.
They’ll want Trump to liquidate his leasehold interest and give New York whatever the sale yields.

They will try to seize the revenue streams. Trump would then need to take action to recover those after a successful appeal. I don't expect the tennants to be happy with the state of NY running the property since they may allow illegals to sleep in the basement.