Author Topic: Why did previous GZM site owners turn down $18 million offers for $4.5 million?  (Read 535 times)

Fury

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Mosque building owners nixed $18M offer before taking $4.8M one
By ISABEL VINCENT and MELISSA KLEIN
Last Updated: 11:15 AM, September 5, 2010
Posted: 2:37 AM, September 5, 2010

The original owners of the Ground Zero mosque site mysteriously spurned dozens of higher bids before selling the prime downtown real estate at a bargain-basement price.
The Pomerantz family, which had owned the building since the late 1960s and fielded offers after the patriarch died in 2006, rejected at least one bid that was nearly four times what prospective mosque builder Sharif El-Gamal eventually paid, The Post has learned.

El-Gamal did offer what could be viewed as a sweetener to his $4.8 million bid in July 2009 -- a job as a property manager for a son of the family, Sethian Pomerantz.

New York developer Kevin Glodek was livid when he found out the building sold for a fraction of what he offered in 2007 -- $18 million cash -- and wondered whether money changed hands under the table, according to sources close to the deal.

Glodek and his partners wanted to build a 60-story condo tower with retail space on the Park Place site, had inked a purchase agreement and even had keys to the existing building, according to sources and documents obtained by The Post.

But Kukiko Mitani -- whose late husband, Stephen Pomerantz, owned the property -- and her brother-in-law, Melvin Pomerantz, a trustee to the estate, went silent at the end of 2007 and Glodek's deal disappeared, sources said.

Glodek, who owns the ChefsDiet food delivery service and several Manhattan properties, declined to comment.

The property is now at the heart of one of the most divisive issues in the country -- whether it should be the location of a $100 million mosque and community center. The location two blocks from Ground Zero has been called insensitive, and questions have been raised about whether extremists will help fund the project. Recent polls show that 70 percent of New Yorkers want it moved.

El-Gamal had his eye on the property for years before buying it in 2009.

Read more: http://www.nypost.com/p/news/local/manhattan/mosque_was_steal_FpzwdRCdb5MdehzkDDWY3H#ixzz0yrDRNuoB

The fix has been in on this abomination from day one. Wonder what kind of under-the-table dealings went on here? Nothing an investigation couldn't clear up. Oh, wait. The leftists and apologists are too busy trying to investigate the people who are against this mosque.  ::)

Soul Crusher

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And guess what?  The taxpayer is going to get screwed because of this royally. 


240 is Back

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gitmo baby

Fury

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And guess what?  The taxpayer is going to get screwed because of this royally. 



Not surprising. The far-left motto is to spend everyone else's money but your own.

George Whorewell

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Gee, I wonder why the property was sold for less than 1/3rd of what was offered by another buyer?


Soul Crusher

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Because this is all about building a victory mosque and nothing else, all along with the glee of the far left COMMUNISTS, TRAITORS, MARXISTS, AND FAR LEFT.