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Originally Posted by ssh
$1b?! Is that breaking any records for something that is, let's face it, a tear down redevelopment site? That's insane. SL Green would really need to go big with this for it to be financially viable.
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That’s a large amount to pay, especially considering it’s not a sell outright. And that doesn’t include the price of added development rights, and contributions to the public fund. I suppose both sides would share in those expenses, but who knows.
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