Carnegie Hall Tower Owes City $2M In Rent: Comptroller

Law360, New York (November 16, 2012, 5:55 PM EST) -- The owner of the Carnegie Hall Tower — a for-profit office building next to the non-profit concert hall — owes the City of New York more than $2 million in rent from underreported income, Comptroller John Liu said Thursday after releasing a new audit of the building.

The Carnegie Hall Tower, which is unaffiliated with the Carnegie Hall concert venue, pays rent to the latter as a subtenant. The city collects a percentage of those rents through an agreement with Carnegie Hall, and discovered in a...
To view the full article, register now.