The syndicate had suddenly withdrawn from the negotiations for the expensive long-term lease and was going to let the current lease lapse.
The passenger downturn could also hurt the more than 100 retailers who have signed expensive leases in the airport's glitzy shopping area, called the Sky Mall.
Faced with an expensive lease, Loria appears prepared to cut costs in other areas.
The lease is forgone by many members of Congress, but Meeks presently holds the most expensive lease among all members.
Also recently, Shea & Gould has experienced difficulties, due largely to the poor real-estate market and its own expensive lease.
Those that can afford expensive leases probably do not compete for the lowest prices in town.
He wants to see federal buildings consolidated, unused properties sold and the government shedding expensive leases.
Lord Day has been hampered by defections and rising costs, including an expensive lease on its office space at 1675 Broadway.
The county's own high credit rating would have allowed it to borrow the same amount at 6 percent, Mrs. Hochberg said, adding, "This is a very expensive lease."
It wanted to get out of an expensive lease and was being wooed by Arizona, Georgia, Texas and other states.