City audit finds that UN owes $6M in back rent
May 29, 2008 01:33PM
Comptroller William Thompson
City Comptroller William Thompson, Jr. announced today that an audit revealed that the United Nations Development Corp. failed to pay the city more than $12 million in rent. The audit found that between January 2005 and December 2006, the UNDC retained an annual surplus of $12 million, which should have been paid to the city. Thompson said the UNDC has already paid the city's Economic Development Corporation $6 million, but is refusing to pay the rest. "In this tight fiscal environment we cannot afford to let any revenue slip through our fingers," Thompson said in a statement that the EDC "should take every action to ensure that UNDC pays its balance in full." The back rent is connected to a suspended project to develop additional United Nation office space at Robert Moses State Park. TRD
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted,
irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal
does not endorse any comments posted on its Web site.
Comments
Anonymous
So, what are they going to do? Evict the U.N. for non-payment?
Comment #1 Posted By: Anonymous 05/29/08