Gold-based lease could cause million-dollar rent hike for Forest City Enterprises | WHAT REALLY HAPPENED


Gold-based lease could cause million-dollar rent hike for Forest City Enterprises

A piece of downtown land isn't worth its weight in gold -- but it is worth 1,693.28 ounces, the amount set in a gold-based lease signed 96 years ago.

That's what a three-judge panel in Cincinnati indicated Wednesday, in a ruling that could lead to a million-dollar rent hike for Forest City Enterprises of Cleveland.

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