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September 27 2009 by Rob.
(Pic from the LIBN)
In case you didn’t hear Chris Botta reported yesterday that sometime this week the lease between Nassau County and the LDG will be announced. Its a step in the right direction however Suozzi is rolling the dice with this one. If the lease isn’t approved within 120 days of submission then the Isles lease with SMG is considered null and void and are allowed to move. That is the out-clause that was agreed to by Wang and Suozzi in 2007. I have also learned that Suozzi is the head of the committee that needs to approve it. So I will be surprised if it doesn’t get approved. This is another way of showing that if the project fails it is all on the TOH.
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