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5/4/2010 1:47:15 PM
 
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Section 5: OPA Board Subject: OC Bayside Debacle Msg# 737613
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Joe, If I am still around and involved in OP in early 2014, I intend to look long and hard at what is fair market and express that opinion publicly. I don't know if the current gross rent is fair or not and I haven't heard anyone say what a fair rent would be -- supported by some facts -- just those who argue that the rent isn't enough. It is hard to deal in speculation (like Seacrets filling in the lot) without any factual basis. Does anyone have a basis for what fair market rent should be? Ted |
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For reference, the above message is a reply to a message where: The agreement expires on October 31, 2014 and I trust that with this much notice those interested can 1. Determine what fair market rent in their opinion would be and 2. Locate additional potential companies interested in a lease. I look forward to seeing those results! You have been associating too much with board members. You need a break so you can resume being that Ted Moroney we know and love. OPA seems to be the only business entity that publicly explains why our assets are less valuable when negotiating a lease. In my view, Seacrets needs the parking far, far more than we need the money.... an amount someone said was equal to 365 additional foursome rounds on the golf course. We have strength, but negotiate from weakness. |
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