The Met sued for allegedly violating its lease

TRD New York /
Nov.November 15, 2012 04:00 PM

Two New Yorkers have sued the Metropolitan Museum of Art, claiming the beloved cultural institution violated its lease obligations through fraudulent admission fee practices, Law360 reported.

The Met’s so-called perpetual lease agreement allows the museum to occupy several acres of Central Park Along Fifth Avenue from 79th to 85th streets rent-free, as long as it admits the public for free on several days each week, the lawsuit says. The plaintiffs estimate the deal has saved the museum $368 million per year, and a total of $9.4 billion over the last 42 years.

The suit alleges that the museum breached these terms with deceptive marketing and sales tactics that led visitors to buy unnecessary tickets and memberships. The plaintiffs have asked the court to order the Met to inform the public of its right to free admission and also put an end to the marketing practices in question. [Law360] —Hiten Samtani


Related Articles

arrow_forward_ios
Michael Shvo and Serdar Bilgili in December 2019 (Getty, iStock)

Bilgili wants Shvo to open his books

Bilgili wants Shvo to open his books
Former JLL employee sues alleging toxic “boys club”

Former JLL employee sues alleging toxic “boys club”

Former JLL employee sues alleging toxic “boys club”
Photo illustration of Phil Ruffin and his Circus Circus Hotel & Casino in Las Vegas (Ollie Millington/Getty, Ethan Miller/Getty, Joan Slatkin/Education Images/Universal Images Group/Getty, iStock)

Fear and loathing in a pandemic: Insurers battle business interruption claims

Fear and loathing in a pandemic: Insurers battle business interruption claims
Francis Davidson, Nathan Berman and 20 Broad Street (Sonder, Studio Scrivo, 20 Broad)

Nathan Berman to Sonder: Get out, and pay me $100M

Nathan Berman to Sonder: Get out, and pay me $100M
The Metropolitan Museum of Art and the American Museum of Natural History have set reopening dates for this month or next (Getty)

Museums, still in limbo, plan reopenings

Museums, still in limbo, plan reopenings
Imperial Hotel at 307 West 97 Street (Photo via Google Maps)

UWS hotel settles with city over illegal short-term rentals

UWS hotel settles with city over illegal short-term rentals
Clare Bronfman and 8517 Franklin Avenue (Patrick McMullan/Getty, Zillow)

Heiress and sex cult financier sues over Los Angeles infinity pool

Heiress and sex cult financier sues over Los Angeles infinity pool
Backal Hospitality Group CEO Arthur Backal, 627 West 42nd Street and Moinian Group CEO Joseph Moinian (Images via Backal, Google Maps, Moinian)

Win for Moinian is bright spot for commercial landlords

Win for Moinian is bright spot for commercial landlords
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...