Comptroller Vows Closer Contract Eye After Apple-MTA Deal

Law360, New York (July 30, 2012, 6:30 PM EDT) -- The New York comptroller's office on Monday vowed new legislation to strengthen state contract reviews after a Metropolitan Transportation Authority bid process "severely slanted" toward Apple Inc. allowed the tech giant to move in on a prime lease in Grand Central Terminal.

Early access to a restaurateur with a below-market lease that could have extended until 2019 allowed Apple to negotiate a buyout before other bidders even knew about the opportunity in the New York City train station's well-trafficked east balcony, Comptroller Thomas P. DiNapoli told...
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