South Station up for sale

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South Station up for sale

Postby MBTA3247 » Wed Apr 12, 2017 2:57 pm

Or rather, the lease on the building from the state is.

Anyone here have $100m burning a hole in their pocket? :P
"The destination of this train is [BEEP BEEP]" -announcement on an Ashmont train.
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Re: South Station up for sale

Postby BandA » Wed Apr 12, 2017 11:39 pm

98 years left on the lease!!! And the lease has a present value of about $100M!!! That's wayyy too long, should be limited to 50 years max. What did the "T" get for signing such an utra-long lease? We know about railroads being leased for 99 years, but no need to leas a building that long. I can think of an A&P supermarket lease that was almost that long when you include the extensions, finally expiring about 2010ish.
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