The Mayans predicted that the 2012 apocalypse would include a 63 percent increase in Battery Park City ground rents. But a negotiating committee may have averted the crisis, with a new plan for a 33 percent increase next year and a total ground rent payment of $525 million over the next 30 years (the original projection was $804 million). All that's needed is the agreement of the 11 relevant BPC condo boards. And getting condo boards to agree is never the hard part, right? [Crain's]
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