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Broadway Theatres Sell Air Rights, Buy Banks by Douglas McLennan

“When the Shubert Organization sold the oxygen above its landmarked house for $17.1 million in May, Broadway's biggest and richest landlord sheltered the proceeds from taxes in part by purchasing a Chase Bank branch on Mundelein's Townline Road.”

SOURCE: ArtsJournal at 11:52AM on March 12, 2015

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