Viewing a single comment thread. View all comments

D14DFF0B t1_iuto0q2 wrote

Reply to comment by myassholealt in Vornado pumps brakes on Gov. Kathy Hochul's Penn Station project by ShinyGodzilla

This is a multi-year plan. A year-long recession isn't material, and may be helpful.

9

Johnnadawearsglasses t1_iuw6u2c wrote

Not when you need to fund it during a recession and a period of multi year high interest rates. To the extent the rest of their portfolio suffers, will create credit and liquidity risk.

3