The MTA gets $150 million or so from a 99 year lease of the land. I believe that that's regardless of whether or not the developer actually builds something- strong incentive for the developer not to leave it an empty hole.
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Under the terms of the agreement with the MTA, the developer would pay monthly fixed-base rent payments, subject to scheduled increases of at least 10 percent every five years and base rent adjustments every 30 years.
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