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...creditors agape with suspense. For years, people have been expecting Zeckendorf to take a tumble, though he has always managed to regain his balance. Recently, though, Zeckendorf's balancing act has been getting more and more precarious. Last week the Alleghany Corp, complained that Zeckendorf's Webb & Knapp, Inc, had failed to pay it $570,000 in back rent on some Denver properties, and rotund Bill Zeckendorf, 57, admitted that his $400 million empire was in its worst trouble ever. Said he: "I think the odds are about fifty-fifty whether we'll make...
Saturday Night at the Movies (NBC, 9-11:05 p.m.). Three Coins in the Fountain, starring Clifton Webb, Dorothy McGuire, Louis Jourdan and Rossano Brazzi, all in living color...
Everybody, apparently. Harrah-who already runs two casinos along the southern shore of the lake-is reportedly planning to put up a 25-story hotel next to his Tahoe club; ubiquitous Builder Del Webb will soon break ground for a 1,200-room hotel and casino; the Frank Sinatra pack owns an old hotel on the northern side and is aiming to make it ring-a-ding with a 300-room expansion. But it is the southern shore, where the customers from California most conveniently meet the casinos of Nevada, that is teeming with neon civilization...
...Webb & Knapp of its bothersome short-term debts, the British had demanded that Zeckendorf sell some of Webb & Knapp's holdings. But Zeckendorf's idea of liquidation differed from his partners': though he sold some holdings, he kept right on buying others (among the purchases: $25 million for Manhattan's Savoy Hilton Hotel). Outraged, the British sent to New York a relay of executives, who camped out in Zeckendorf's Madison Avenue offices to try to halt his acquisitions. But, in his own inimitable way, Zeckendorf confounded the British Expeditionary Force. He made his deals...
Unaccustomed to that sort of guerrilla warfare, the British retreated in some order. They still keep their position in Zeckendorf Property Corp., an affiliate that they insisted be spun off from Webb & Knapp in 1961, where they are joint partners with Webb & Knapp with 47.5% each (the remaining sliver belongs to Alcoa). Zeckendorf Property has under way 13 promising urban development projects, including Manhattan's Lincoln Towers, and Zeckendorf plans to continue linking up with partners to build mw development projects-but to keep ouTsiders out of Webb & Knapp. He hopes that assiduous real estate trading can keep...