NYC Marriott Marquis Deal could cost city - Articles

NYC Marriott Marquis Deal Could Cost City $345 Million

New York City's chief financial officer said on Tuesday the city stands to lose as much as $345 million because of a past sweetheart deal, uncovered during an audit, with the Marriott Marquis hotel in the heart of Times Square. Marriott in 1998 renegotiated its lease with the city, shortening it by 40 years, reducing the... Continue Reading »

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