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JeffeBezos t1_jdczn11 wrote

Reply to comment by BillionTonsHyperbole in Historic Flatiron Building sells for $190 million at auction by Orener

Where did you find that this building has a land lease? I haven't seen anything to that nature.

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BillionTonsHyperbole t1_jdd0p1p wrote

I may have been thinking about the ESB.

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colampho t1_jdd5lan wrote

Chrysler Building is a famous example of a land-leased iconic building

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BillionTonsHyperbole t1_jdd5yuv wrote

Cooper Union owns that land, right? I seem to remember something about that being a major source of revenue for them.

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colampho t1_jddbo8d wrote

Yup! Cooper Union, and it’s quite lucrative (if I’m remembering correctly)

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STcoleridgeXIX t1_jddkuco wrote

Not lucrative enough. The school was always intended to be 100% free, and it was until 2012. They hope to get back to that by 2030.

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magnus91 t1_jdf2nih wrote

It is lucrative enough. It was just financial tomfoolery by the board that caused them to have revenue issues.

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