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  1. Why doesn’t the MTA purchase the property? Why would we rent? We need the facility and that need will not diminish in the future. Follow the money and you will see someone getting rich off this deal.

    • It’s very simple. The value of the land combined with the cost of improvements is close to $30 million. $30 million that the city government probably isn’t willing to pay because they are already dealing with budget shortfalls for different city departments.

      • So you would rather spend 2.5 million/year and not own it then spend 1.5 million/year for 30 years and own the property??? How does that make sense? Get a mortgage and buy the property! Sell a bond, do whatever it takes. Renting makes no cents.