--- In [email protected], [EMAIL PROTECTED] wrote:
>
>  
> In a message dated 12/24/05 11:01:20 A.M. Central Standard Time,  
> [EMAIL PROTECTED] writes:
> 
> It might  be, but it's not exactly public information. Anyone 
remember what
> they  originally paid for the Blackstone?
> 
> 
> 
> Bingo this is the question. I hear every now and then that the  TMO 
has sold 
> a piece of real estate for a certain amount but nobody ever tells  
us how much 
> money they sunk into it. How much the put down, how much they  
actually paid 
> including interest, taxes and insurance. How much they were fined  
for  
> keeping an eyesore and lack of maintenance. I can't help but 
believe  that they are 
> not making the "killing" they want TB's to think they  are.

FWIW, it turns out the $122 million figure is for the
renovation by the new owners.  The sale price of the
building was much less, something like $12 million,
slightly above the building's official current
valuation.

This is according to a correction just posted by Ron on
TMNews; he'll probably get around to posting it here as
well.






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