Word: leaseholders
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Dates: during 1930-1939
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Cleveland?foreign issues, Southern municipals, leasehold bonds...
...financial relationships of the hotel. The land upon which it is built is owned by the New York Central. For the construction of the building New York Central advanced $10,000,000. The remainder was provided by the issuance of $11,000,000 in bonds secured by a leasehold. The interest and sinking fund on the $10,000,000 advanced by the New York Central is to be paid out of hotel operations, before interest on the $11,000,000 leasehold bonds. Its cost was estimated at about $19,000,000; the furnishings are thought to have come...