battery park land lease q

They're assuming that the landowner will renegotiate in 2069, and won't have thought of something better to do with a bunch of 90-year-old buildings. Maybe a water park?

I thought they put the land back into the World Trade Centet site and toss those buildings into the Hudson. It's a shame really.

I don't think there is much question it will be renewed, the only question is at what terms. An interesting point that BPC is the only place with Condos on leased land - every other land lease has to be a Coop because you can't build Condos on leased land because there it no real ownership of real estate involved.

>I don't think there is much question it will be renewed, the only question is at what terms.

If we know they will renew, then they have less leverage on the terms. Cuomo III is even shrewder than his father and his grandfather, so I wouldn't be surprised if they'd be considering my suggestion.

Welcome back, 30yrs!