It seems the Ground Zero Mosque developers owe $1.7 million in back rent.
Con Ed has given the Ground Zero mosque an ultimatum: Pay the $1.7 million you owe in back rent, or we’ll terminate your lease and take back our property.
Con Ed and mosque developer Park51 have an unusual, uneasy alliance, sharing ownership of a site slated to be one of the most controversial projects in city history.
The utility owns a former substation on the western half of the property, at 51 Park Place, and the mosque developers own a five-story building on the eastern half. The buildings were connected years ago and used to house a Burlington Coat Factory store.
Park51, which leases the substation from Con Ed, wants the two buildings so it can knock both down and build a $100 million, 15-story community center.
But the plan hit a major obstacle in August when Con Ed raised the rent from $2,750 a month, a rate set in 1972, to $47,437 a month, retroactive to July 31, 2008, The Post has learned.
1 comment:
Raising the rent $45,000 over what it was before and then not satisfied with that, making it retroactive for 2yrs? I don't want the mosque built..But were I the developers I'd tell con ed to get @#$#ed and then take them to court
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