sir82: Who exactly is the WTS retaining to give them legal guidance on real estate matters - Dewey, Cheatham, and Howe?
Eh...I think that the WTS gets their advice from real estate gurus.
It appears that the college that was supposed to built there (Touro College of Oesteopathic Medicine) was built in Harlem instead. Oh...and by the way...not sure if this has any bearing...Lorenz Reibling, et al., has investments in Harlem - which go up in value with a nice college like that situated there.
There is much that goes on behind closed doors in the real estate world. Much.