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pixel_of_moral_decay t1_ixmyxv5 wrote

Reply to comment by azdak in Times Square Margaritaville left synagogue ‘homeless,’ suit says - Jewish Telegraphic Agency by ShinyGodzilla

Because the land is in a complicated trust. The building owner and the land owner are two different entities.

The land is likely owned by the same trust for 100y+… and likely a bunch of descendants collecting small checks. It would be complicated to get that sold/dissolved. You’d need to prove you have all people with rights to that, etc.

Cheaper/easier to just lease the land for 99y and do it that way.

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