--- In [email protected], [EMAIL PROTECTED] wrote:
> Tommy: Your position doesn't make sense to me based on a legal or
> business concerns. I have been on the government side of real
estate
> law for about 10 years (with NYS, NYC and Roosevelt Island). Every
> sizeable development I have worked on resulted in mutiple
litigations.
Mark, what do you think about the bankruptcy clause? There are similar
clauses in most NYC leases. Doesn't the development rights cease to be
an asset of the master developer upon bankruptcy filing? Would the
bankruptcy court still have jurisdiction over the rights? I don't know
why they gave the 120 days for curing. It should be immediate upon
bankruptcy.
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