Tag

Lease Termination

All articles tagged with #lease termination

Court Denies Halt, Keeps East Potomac Maintenance Going During Lease Battle
local23 days ago

Court Denies Halt, Keeps East Potomac Maintenance Going During Lease Battle

U.S. District Judge Ana Reyes declined to issue an emergency injunction to halt maintenance at East Potomac Golf Course after the National Links Trust’s lease was terminated, keeping routine work—such as removing dead trees and general upkeep—in progress while the course’s future remains uncertain amid possible renovations and a potential rebranding as Washington National Golf Course; the case brought by Democracy Forward and local golfers continues, with the court signaling the need for public notice if a closure or major changes are planned.

Trump Admin Ends Morro Bay Offshore Wind Project, Redirects Subsidies to Fossil Fuel Projects
environment28 days ago

Trump Admin Ends Morro Bay Offshore Wind Project, Redirects Subsidies to Fossil Fuel Projects

The Trump administration announced settlements canceling Golden State Wind’s Morro Bay offshore lease and Bluepoint Wind near New York, with Ocean Winds recovering about $120 million in lease fees after matching investments in Gulf Coast energy projects; the Interior Department also offered roughly $885 million to terminate both leases, as part of a shift toward baseload energy. The moves drew praise from supporters and criticism from California officials and renewables advocates who warn of job losses and stalled clean-energy goals.

"Downtown Portland's Buffalo Wild Wings Closes as City Terminates Lease"
business2 years ago

"Downtown Portland's Buffalo Wild Wings Closes as City Terminates Lease"

The Buffalo Wild Wings in downtown Portland closed after the city terminated its lease due to unpaid rent following the closure of a parking garage above the business. The franchise owner claimed the closure of the garage, due to increased crime and lack of use, violated their lease agreement, but the city contended that the garage was not included in the lease. The business had missed $118,349 in rent payments since August, and the city terminated the lease, expressing hope to find a new tenant for the space.

Miami Seaquarium Ordered to Vacate Property by Miami-Dade County
environment2 years ago

Miami Seaquarium Ordered to Vacate Property by Miami-Dade County

Miami-Dade County is terminating the lease of the company running the Miami Seaquarium due to maintenance violations, with the company instructed to vacate by April 21. The decision was made for the safety of the animals, residents, and visitors, as the Seaquarium has failed to maintain its facilities and provide proper care for the animals. The advocacy group PETA celebrated the news, urging authorities to ensure the animals are sent to reputable facilities for the care they need.

"Off Broadway Theater Set to Depart Rem Koolhaas' Second Stage Design"
arts2 years ago

"Off Broadway Theater Set to Depart Rem Koolhaas' Second Stage Design"

Second Stage Theater, known for nurturing Pulitzer Prize- and Tony Award-winning shows, is leaving its Rem Koolhaas-designed Off Broadway theater in Times Square due to high rent and unfavorable lease terms after 25 years. The nonprofit theater company is committed to continuing its work Off Broadway and is searching for a new space, while also undergoing a leadership transition as its president and artistic director, Carole Rothman, is leaving after a 45-year tenure.

Australia's High Court dismisses Russia's bid to stop embassy eviction in legal setback.
politics2 years ago

Australia's High Court dismisses Russia's bid to stop embassy eviction in legal setback.

Australia's High Court has dismissed Russia's application for an injunction to prevent the eviction of its embassy from a site in Canberra. The emergency legislation passed on June 15 terminated Russia's lease on the block on security grounds because the new embassy would have been too close to Parliament House. The court described Russia's challenge on constitutional grounds to the law terminating the lease as "weak" and "difficult to understand." The current Russian Embassy in the Canberra suburb of Griffith is unaffected.

business3 years ago

Groupon's Financial Woes Lead to Early Termination of Chicago HQ Lease

Groupon is terminating its lease for its Chicago headquarters two years early, paying a $9.6 million termination fee to end its commitment. The move comes as the struggling online-deal company risks running out of cash and warns investors that it may not remain a "going concern." The termination will create a big leasing challenge for developer Sterling Bay, which will soon be saddled with a big block of vacancy at a bad time to be hunting for new tenants.