Audit finds group undervalued South Street Seaport properties
Tourists and shoppers visit Pier 17 at the South Street Seaport. (Charles Eckert) Credit: Tourists and shoppers visit Pier 17 at the South Street Seaport. (Charles Eckert)
A group that managed the leases for several South Street Seaport properties owes the city nearly $1.8 million for unpaid rent and interest over five years, an audit by the city comptroller's office said.
From 2007 to last December, the Howard Hughes Corporation underestimated the square footage of the buildings it leased from the city's Economic Development Corporation, Comptroller John Liu said Thursday.
Representatives from Howard Hughes Corporation didn't return messages for comment before press time
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
