In a bid to increase competition, Rye Town Park eyes longer restaurant leases

Rye Town Park restaurants may soon be signing 20-year leases if the local commission manages to get two proposed state laws passed. Current standard contracts are three years and state law requires the commission to seek approval for anything beyond that. The park is jointly owned and funded by Rye City and Rye Town and is operated by the six-member Park Commission. “A longer term lease could encourage broader competition for restaurant tenants,” said a sponsor of the bill, Assemblyman Steve Otis, of Rye. [Lohud]