Westbrook "did agree to a partial takeover of that space" at 1350 Avenue of the Americas, Mr. Marino said.
That sentiment is precisely what prompted the state to make a partial takeover of the district six years ago.
Bear Stearns began as the Long Island Power Authority's financial adviser as the agency, in 1997, prepared a partial takeover of the Long Island Lighting Company.
[C3.] After rejecting a partial takeover bid from Carl Icahn, Fairmont Hotels and Resorts endorsed a $3.9 billion offer from Saudi Prince Alwaleed bin Talal's Kingdom Hotels International and Colony Capital, an investment firm.
LIPA received rights to a $1.3 billion legal judgment against the county, the town and the school district as part of its partial takeover of the Long Island Lighting Company in 1998.
The sale is the largest since the Long Island Power Authority raised $7 billion in the bond market in sales in 1998 to finance the partial takeover of Long Island Lighting Company.
But the Tea Party turned quickly to electoral politics, with what can be seen as either an accession to or a partial takeover of the Republican Party.
In 1996, she cold-called the Pataki administration, offering her services, and before long was working on special projects, from the dredging of New York harbor to the state's partial takeover of Lilco, Long Island's electric utility.
In all, the agency would sell up to $23 billion in bonds over five years, far exceeding the record $7 billion bond sale in 1998 to pay for the state's partial takeover of the Long Island Lighting Company.
Mr. Pataki, who led the authority's partial takeover of the former Long Island Lighting Company, said the rate reductions, averaging 20percentt, "benefited all Long Islanders, but especially small-business owners, who are the backbone of the local economy".
