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New Lease

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
February 29, 2008 | By Joseph A. Slobodzian INQUIRER STAFF WRITER
A Philadelphia judge has cleared the way for trial of the long-running lease dispute between Reading Terminal Market managers and steakmaster Rick Olivieri. In a 10-page opinion filed last week, Common Pleas Judge Mark I. Bernstein pared all but one of the 11 counts of the civil lawsuit Olivieri filed last July against the nonprofit Reading Terminal Market Corp., its general manager Paul Steinke, and Ricardo Dunston, chairman of the nonprofit's board of directors. Bernstein also ruled that Olivieri may not seek punitive damages: "Rick's recoverable damages are limited to the amount it reasonably spent to renovate the premises in reliance on the promise of a renewal lease before Rick's learned that its lease would not be renewed.
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.
NEWS
August 1, 2007 | By Joseph A. Slobodzian INQUIRER STAFF WRITER
Rick Olivieri left his corner of the Reading Terminal Market yesterday without a lease, at times fighting tears, and promising to be behind the grill at Rick's Philly Steaks when the lunch crowds return today. The predicted end of the long-running drama between Olivieri and management of the historic market came and went, as T.S. Eliot said, not with a bang but a whimper. Olivieri's lawyer had sued to avoid eviction, but, as of late yesterday afternoon, there was no hearing and no court order.
NEWS
July 28, 2007 | By Joseph A. Slobodzian, Inquirer Staff Writer
Management at the Reading Terminal Market yesterday reaffirmed its decision not to give a new lease to steak-sandwichmaker Rick Olivieri. Market spokesman Kevin Feeley said officials of the nonprofit Reading Terminal Market Corp. spent the last week explaining the rationale for their decision to merchants and others, as well as giving Olivieri a final hearing on Wednesday. "Following all of these measures, the board reaffirmed the decision not to renew the lease," Feeley said.
NEWS
July 13, 2007 | By Joseph A. Slobodzian, Inquirer Staff Writer
A majority of members of the Reading Terminal Merchants' Association unanimously approved a resolution yesterday supporting a new lease for veteran steak sandwich maker Rick Olivieri. Michael Holahan, interim president of the group representing the 76 merchants in the 104-year-old Center City market, said that more than 50 merchants were represented at the meeting and that the vote supporting the resolution was unanimous. Olivieri, owner of Rick's Philly Steaks, was told by market officials on June 28 that his lease would not be renewed and that he had to leave by July 31. Officials announced that he would be replaced by a South Philadelphia competitor, Tony Luke's Old Philly Style Sandwiches.
BUSINESS
July 1, 2006 | By Tom Belden INQUIRER STAFF WRITER
One of the last vestiges of airline-industry regulation ended yesterday with the expiration of the carriers' 32-year leases on gates at Philadelphia International Airport. Starting today, the long-term agreement between major airlines and the city Commerce Department's Division of Aviation is being replaced with five-year leases that give the airport more control over its 120 gates, airport officials said. Air travelers will notice no immediate change, but in the coming months, the pact is expected to give two carriers more gates.
SPORTS
March 31, 2006 | THE INQUIRER STAFF
NASCAR officials have signed a new lease that will keep stock-car racing at Daytona International Speedway through 2054. The lease will also raise the rent paid for the famed speedway, which is now about equivalent to the cost of a one-bedroom apartment. Daytona International Speedway's annual rent payments for 447 acres of public land will jump from the $10,000 established in 1957 to help get the racetrack built to $500,000 with regular future increases. Tennis Andy Roddick hit another bump in his bid to shake an early-season slump yesterday, losing to David Ferrer, 6-3, 4-6, 6-4, in the quarterfinals of the Nasdaq-100 Open in Key Biscayne, Fla. In a night match, defending champion Roger Federer rallied from a break down in the opening set and beat No. 9-seeded James Blake, 7-6 (2)
SPORTS
October 8, 2005 | By Craig Donnelly INQUIRER STAFF WRITER
When Fly Lite makes her second career start in tonight's second race at the Meadowlands, few will take notice, and all but a handful of bettors will quickly dismiss the chances of the 5-year-old chestnut mare. But to those who know her best, the fact that the mare is still alive to compete in her new profession is enough. Fly Lite was to begin her racing career earlier this year at Penn National Race Course near Harrisburg, but her trainer was dissatisfied with the way she was training and sold her to a farm where she would be used as a casual riding horse.
NEWS
March 10, 2005 | By Bonnie L. Cook INQUIRER STAFF WRITER
Just when it seemed that Skippack's historic Hunsicker Farmhouse might end up a memory, a local district court judge has stepped in to save it. Albert Augustine, a lover of old houses, has agreed to pay $25,000 for the 171-year-old farmhouse. He estimates that he will spend $300,000 to refurbish it for residential use. The purchase means that the structure, which stood vacant for the last three years next to land being developed for townhouses, wins permanent reprieve from the wrecker's ball.
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