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The city's name is attributed to John Campbell Miles, who in 1923 discovered deposits of silver-lead ore and named one of his leases after his sister Isabelle.
"He is using this opportunity to get out of his leases," said Mr. Gennaro, whose father still owns a small business, Gennaro's Jewelers, on Long Island.
Mr. Barrett said because of that experience, his leases with Fairfield and, in the case of his Stamford concession, the state, are "written so that the landlord and tenant come away with mutual satisfaction upon the transfer of the business".
Charges are flying back and forth, with tenants claiming that they are being forced out to make way for higher-paying tenants, while the landlord says he is merely enforcing his leases and city regulations.
Under the terms of his leases with the authority, Mr. Silverstein has the right to rebuild the tower and the complex, so long as he replaces what was there before Sept. 11.
"Twelve years ago, I didn't want to come there; there was nothing there," said Sushil Malhotra, a successful restaurant entrepreneur whom Grand Central had courted to open Cafe Spice and Feng Shui and who will face the public renewal process when his leases expire in 2015.
Similar(52)
Can I forfeit his lease?
It's his lease, after all.
Fast-forward to June 2011, when his lease was up.
Seven years later, the rent quadrupled, and Seidenberg lost his lease.
He had no trouble in renewing his lease.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com