Browsing: lease

Source: The National Herald by Theodore Kalmoukos NEW YORK – The new St. Nicholas Church at Ground Zero, which is expected to open its doors in early 2016, will be in a lease status, Archdiocesan spokesman Fr. Mark Arey told TNH. He said “the Church has a lease for the property with the option to buy at a nominal price at any time, on the principal that the property of Saint Nicholas belongs to the Church.” Why are they going through this process and not just own the property? “It is part of the regulatory process and we are not…