NYC Government Publication
Audit Report on the Compliance of New York Skyports, Inc., with Its Lease Agreement (FM08-094A)
An audit report was filed on June 30, 2008 on the compliance of New York Skyports, Inc., with its lease agreement. The audit determined whether Skysports complied with certain terms of its lease with the City (payments, maintenance, sales). It was determined that Skyports violated the terms of several major provisions in its lease with the City and may owe the City nearly $6.1 million. General disregard for maintenance and payments posed serious issues not only for the City, but also for the public. EDC also did not ensure that Skyports complied with the terms and conditions of its lease. It was recommended that EDC terminate its lease with Skyports and pursue legal action to collect the payments owed. If not, various other recommendations were made to rectify the issues found.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2008-06-30
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6290_Audit_Report_on_the_Compliance_of_New_York_Skyports__Inc___with_Its_Lease_Agreement.pdf | 2020-05-08 | Download |