DesirousOfChange - “…After cashing in on $1.5 BILLION$ (or more) from the sale of the Brooklyn real estate, I find it hard to believe they are really desperate for ca$h, but they sure sound desperate…”
They got around $3B for the Brooklyn sales…
…but apparently, Warwick went crazy-over budget, there’ve been hundreds more pedo payouts that haven’t (and may never) hit the news, and from what I’ve heard, there were some significant outstanding debts specifically tied to the Brooklyn properties they were required by law to square away as part of the terms of the sale.
As a result, it’s all gone, baby, gone.
As to whether they’re “desperate”…
…the way they holler and mobilize their lawyers the moment their tax-exemption looks like it’s approaching the chopping block is all the proof I need.