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ST. LAWRENCE FACTORY STORES v. OGDENSBURG BRIDGE AND PORT AUTHORITY

26 A.D.3d 700 (2006)

810 N.Y.S.2d 532

ST. LAWRENCE FACTORY STORES, Respondent-Appellant, v. OGDENSBURG BRIDGE AND PORT AUTHORITY, Appellant-Respondent.

Appellate Division of the Supreme Court of the State of New York, Third Department.

February 23, 2006.

CREW III, J.

In February 1990, defendant and plaintiff, a partnership comprised of Frank Arvay and Richard Lepine, entered into a land sale option agreement giving plaintiff the option to buy 12 acres of land to develop a retail factory outlet center. After exercising the option, Arvay and Lepine met at the closing with representatives of defendant. It had been agreed that Arvay was to contribute 85% of the purchase price and Lepine 15%. Lepine, apparently unhappy...

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