If the building owners were smart, and no guarantee that
Posted on: March 3, 2021 at 09:01:29 CT
jumbo73 MU
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they were, they would have constructed provisions in the lease with WR which created financial penalties, beyond rent, which were triggered if they did not move in.
Curious thing is that, unless WR files for BK, any obligations created by the lease which served to drive development of the property, would be assumed by the purchaser of the company. There will be a "holy h***" legal fight if the purchaser tries to mitigate or ignore those obligations, but companies such as McQuarrie are very experienced with those types of disputes.