Defendant, Consolidated Rail Corporation (Conrail), is the owner of the Grand Central Terminal parking garage which is located under the building formerly known as the Biltmore Hotel. Conrail has leased the garage to Metropolitan Transportation Authority (MTA) for a term expiring in 2032. Plaintiff had been the sublessee of the garage for a term expiring on December 31, 1980. In February, 1980, MTA-Conrail solicited bids from 13 garage companies for a five-year lease of the...
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