How exactly does this work? Help me Run the numbers
He buys a lease for the WTC.
It's 95% occupied. So he has four revenue producing buildings and they are worth billions (WTC 1, 2, 4 AND 5)
Then they get destroyed.
So no he has no revenue, but still has to pay 100 million every year in lease payments.
He does get an insurance pay out but he doesn't have any buildings and no revenue. So to get back to where he was he had to spend billions to build new buildings.
1 WTC opened in 2014 and it cost billions to build.
Did he turn a profit on this?
How exactly does this work? Help me Run the numbers
He buysxl a lease for the WTC.
It's 95% occupied. So he has four revenue producing buildings and they are worth billions (WTC 1, 2, 4 AND 5)
Then they get destroyed.
So no he has no revenue, but still has to pay 100 million every year in lease payments.
He does get an insurance pay out but he doesn't have any buildings andvno revenue. So to get back to where he was he had to spend billions to build new buildings.
1 WTC opened in 2014 and it cost billions to build.
Did he turn a profit on this?