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New Lease

NEWS
June 17, 1990 | By Jeff McGaw, Special to The Inquirer
Business, they say, is healthy. It might even have picked up a little lately, according to one employee. The location at a busy intersection is "great," according to a company spokesman. Nonetheless, the Acme market that for more than a quarter of a century has been a fixture on the corner of Street and York Roads in Warminster will close Saturday. The inability to renegotiate a new lease has been cited as the official cause of death by both Acme spokesman Walter Rubel and Leonard Cutler, spokesman for Abraham Cutler, the property owner.
SPORTS
July 13, 1995 | Daily News Wire Services
Work on a deal to keep the Devils in New Jersey adjourned last night with the two sides unable to finalize an agreement on a new lease, a spokesman for the New Jersey Sports and Exposition Authority said. "Nothing is done," John Samerjan said about 10:25 p.m. as the meeting was ending. "The people are leaving. We'll continue tomorrow. " Sources told the Associated Press the two sides could announce a deal as early as today. New Jersey Network reported yesterday a "letter of agreement" had been signed between the Stanley Cup champions and the authority, which operates the Meadowlands Arena, where the team plays.
NEWS
June 25, 1989 | By Nancy Scott, Special to The Inquirer
The Rose Tree Media School District has signed a lease with the Ethel Mason Child Care Development Center that will reduce the number of rooms the day- care facility can rent in the Media Elementary School. And the new lease puts the center's officials on notice that 1989-90 will more than likely be the last year Ethel Mason will be able to rent space in the building. School district officials maintain that they need the space at the elementary school for additional classrooms for students.
NEWS
January 31, 1990 | By Karen Weintraub, Special to The Inquirer
George M. Kozub, 47, was named last week to fill the seat on the Burlington Township Council left vacant three weeks ago by the resignation of Horace Burgess. Burgess will become the township clerk in June after the retirement of Hugh McElwee, who has held the job for 20 years. A 20-year resident of the township, Kozub will serve out the remaining year of Burgess' unexpired term. Kozub has been a member of the township's zoning board since 1975 and the board of assessors since 1985.
SPORTS
May 9, 2012
Marc Staal scored a power-play goal 1 minute, 35 seconds into overtime after Brad Richards tied it in the dying seconds of regulation to lift the host New York Rangers to a stunning 3-2 victory over the Washington Capitals in Game 5 of the Eastern Conference semifinals Monday night. With goalie Henrik Lundqvist pulled for an extra attacker, Washington's Joel Ward took a four-minute penalty for high-sticking Carl Hagelin with 21.3 seconds left in the third period. Richards tied it on the first half of the power play with just 7.6 seconds to go, and Staal won it with a drive that appeared to deflect off a Washington player before beating goalie Braden Holtby.
ENTERTAINMENT
May 22, 2012 | Peter Dobrin
In further progress toward a new lease agreement, leaders of the Philadelphia Orchestra Association and Kimmel Center Inc. have signed an amendment to their existing lease that reduces the base rent, a Kimmel spokeswoman said. The new terms were not entirely clear; a copy of the amendment was not filed in U.S. Bankruptcy Court as of Monday evening. Details are expected in the orchestra's forthcoming reorganization plan. According to a statement released by both groups, the deal calls for a reduction in the rent the orchestra pays to the Kimmel, from about $2.5 million to $1.5 million annually.
NEWS
June 2, 2008 | By Joseph A. Slobodzian, Inquirer Staff Writer
The grill will be sizzling as usual today as the lunch line grows at Rick's Original Philly Steaks in Reading Terminal Market. But owner Rick Olivieri's mind will be focused on a different order - one he hopes to get from Common Pleas Court Judge Mark I. Bernstein, his last hope of remaining in the market where his family business has been since 1982. Barring some last-minute development, Bernstein will begin hearing testimony today in the nonjury trial of combined lawsuits that Olivieri filed against market management and that management filed to evict Olivieri.
NEWS
April 24, 2012 | By Peter Dobrin, INQUIRER CULTURE WRITER
Resolving the most quarrelsome aspect of its bankruptcy, the Philadelphia Orchestra Association has settled with the national musicians' pension fund that had threatened expensive and time-consuming litigation over the orchestra's withdrawal from the fund. The American Federation of Musicians and Employers' Pension Fund (AFM-EPF), which had filed a $35 million claim in the case, will drop all its legal challenges in exchange for $1.75 million from the orchestra. The development allows the orchestra to approach bankruptcy Judge Eric L. Frank with an uncontested reorganization plan, which means - if the orchestra can wrap up talks with the Kimmel Center over a new lease - that it could be out of bankruptcy within 90 days.
BUSINESS
May 18, 2013 | By Linda Loyd, Inquirer Staff Writer
Community activists and an interfaith group want Philadelphia City Council to amend a lease agreement between the city and US Airways Group to boost the salary of 1,500 low-wage airport workers and require future hiring for ground-service jobs to come from neighborhoods around Philadelphia International Airport. Several dozen clergy and members of Philadelphians Organized to Witness, Empower, and Rebuild (POWER) held a prayer vigil Thursday outside Mayor Nutter's office demanding that the interests of Philadelphia's dominant airline not be put above the needs of skycaps, aircraft cabin cleaners, and wheelchair attendants, who earn poverty wages from subcontractors with low-bid airline contracts.
NEWS
August 2, 2007 | By Joseph A. Slobodzian INQUIRER STAFF WRITER
Some were veteran customers, some were tourists or conventioneers, and some just wanted to be there on the day Rick Olivieri cooked his last steak sandwich at Reading Terminal Market. But that day wasn't yesterday and probably won't be today. The stalemate between Olivieri and management of Reading Terminal Market remained yesterday with Olivieri doing a booming first day of business without a lease, and market officials letting him be while starting the legal eviction process and waiting for the next move in Olivieri's lawsuit against them.
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