When The New York Times and Forest City Ratner Companies open their grand new office building on Eighth Avenue, it won't have a Taco Bell, McDonald's, Wendy's, or Nathan's, because they are specifically forbidden under terms of a land deal with the state. But a Starbucks or Cosi would be just fine.The New York Times appears to not like your average American.The Times could have bought their property like most Americans but they stole it through a political process.No wonder they don't like free markets and property rights, for those on the inside it's an easier way to make a buck.As you can see,the Times doesn't want to associate with average Americans.There's one former Pulitzer Prize winner who the Times still claims as their own,he also didn't like property rights and was a snob.
The lease, which is on file with the Securities and Exchange Commission, also bars renting space in the 52-story building for "a school or classroom or juvenile or adult day care or drop-in center." It forbids "medical uses, including without limitation, hospital, medical, or dental offices, agencies, or clinics." It gives the New York Times Company "the sole and absolute discretion" to reject United Nations or foreign-government offices, including any "considered controversial" or that are potentially the focus of demonstrations. It bans any "employment agency (other than executive-search firms) or job training center" and auction houses, "provided, however, the foregoing shall not apply to high-end auction houses specializing in art and historical artifacts." Discount stores are forbidden. And the deal bars "a welfare or social-services office, homeless shelter or homeless assistance center, court or court-related facility."
In fact, any government office is excluded from the building if it would attract people who arrive "without appointment."
Lease restrictions that exclude the public may not be unusual in luxury office buildings, but there is an irony in this case. The Pataki administration, acting on behalf of the New York Times Company, condemned the property for a so-called "public purpose." This is the standard the Fifth Amendment sets for the state to invoke the immense power of eminent domain.
Friday, August 19, 2005
New York Times values
We'd like to thank Michelle Malkin for the heads up on this one.The Village Voice reports on New York Times values.That's right were not talking about respect for property rights and concern for the less fortunate.Check out this :