Lowball Watch – New York

This is a biggie, folks. 

A dispatch from PR Newswire indicates that the State of New York took 245.5 acres of land from Gyrodyne Company of America back in 2005, and deposited $26,315,000. Now, after trial, the State Court of Claims awarded an additional $98,685,000, plus 9% simple interest. Gyrodyne will be submitting a request to the court fot attorneys’ fees.

Stay tuned.

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