Q&A
Best and Final Offer (BAFO) for 250 Broadway
0:34:40
·
28 sec
Council Member Restler inquires about a Best and Final Offer (BAFO) made to 250 Broadway. Commissioner Molina disputes the characterization of a BAFO and emphasizes the fluidity of real estate negotiations.
- Restler asks if a BAFO was made to 250 Broadway
- Molina avoids confirming a BAFO, instead describing it as an 'agreement' on 250 Broadway's position
- Molina emphasizes that negotiations are fluid and that 14 Wall Street was always the cheapest option
Lincoln Restler
0:34:40
A best and final offer was made to 250 Broadway.
0:34:43
Is that correct?
Louis Molina
0:34:44
I would not characterize it as a best and final offer.
0:34:47
I would characterize it that we had some agreement in what 250 Broadway's position was, but these negotiations, like the majority of real estate negotiations are very fluid.
0:34:58
And we are always seeking the best price for the city taxpayers of this city.
0:35:02
And 14 Wall Street from the onset was always the cheapest option for city taxpayers.
