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MR. KOTICK and Mr. Kelly moved the company to Santa Monica, Calif., and aggressively acquired development studios.
Although Mr. Gross declined to be interviewed about the new project, documents from the New York City Department of Finance show the Gross family bought three lots on the northwest corner of 54th Street and Broadway in 2001, and later acquired development rights, using available space from two lots on the southwest corner of 55th Street and Broadway.
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Most people seem to agree that the midblocks on the cross streets need to be rezoned differently from the avenues so developers cannot acquire development rights again.
"It's an exploration to acquire development rights.
A fairer and more open system is needed for acquiring development land from farmers.
The group, the Nature Conservancy, would like to buy about 172,000 acres or acquire development rights or conservation easements on the land.
A firm that possesses significant capital and/or technical strengths can acquire development, operations improvement, and enhanced recovery opportunities from companies that are unable to fully exploit them.
AvalonBay President Timothy Naughton told investors in a conference call recently that the company would acquire development sites, redevelop under-performing properties and even purchase existing communities, if it can do so at clearance prices.
If the lease could have been terminated, they would have had a clearer shot at acquiring developments rights for a new Coliseum complex and would have also been able to keep all the revenue from concessions, parking and advertising.
From 1997 to 2003, Activision acquired nine development studios.
Since 1995, the state has acquired the development rights to 12 farms, with applications pending from more than 200 farmers.
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