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Bankruptcy judge approves sale of major Tavern asset

NYHTC - December 19, 2009 Share/Save/Bookmark

The bankruptcy court judge presiding over the Tavern on the Green proceedings has approved the sale of one of the restaurant's major assets. The asset, a warehouse in Long Island City, Queens, has sold for a reported sale price of $3.5 million. Profits from the sale are expected to help the LeRoys, whose operating lease on Tavern expires at the end of this year, pay off creditors.

Collins, Glenn. A Treasure Trove of Trinkets. NY Times, December 18, 2009.
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Related Issues: Tavern on the Green