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IN RE WHITE PLAINS DEVELOPMENT CORP.

Bankruptcy No. 91 B 21741.

140 B.R. 948 (1992)

In re WHITE PLAINS DEVELOPMENT CORPORATION, et al., Debtors.

United States Bankruptcy Court, S.D. New York.

May 28, 1992.

Attorney(s) appearing for the Case

Hebb & Gitlin, Hartford, Conn., for Connecticut General.

Rogers & Wells, New York City, for debtors.

Hughes Hubbard & Reed, New York City, for Recoll Management as Attorney-in-fact for Federal Deposit Ins. Corp.

DECISION ON MOTION FOR RELIEF FROM STAY

HOWARD SCHWARTZBERG, Bankruptcy Judge.

Connecticut General Life Insurance Company ("Connecticut General") has moved pursuant to 11 U.S.C. § 362(d)(2) for relief from the automatic stay with respect to certain fee and leasehold interests described collectively as the "Boston Project" which are owned by the Chapter 11 debtors. Connecticut General holds a perfected first mortgage lien against the Boston

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