Yesterday, City Comptroller Liu released the results of an audit that found that the Times Square Marriott Marquis hotel can buy the land it sits on from the City of New York in 2017 for $20 million?just 10 cents on the dollar of what the land is actually worth. The City and the Marriott say that Liu doesn't understand the details of the deal and that the whole audit is "a joke." But considering the guy who made the deal happen 15 years ago doesn't even remember the details, the confusion and controversy aren't really surprising. [NYP and NYT]
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