The Nederlander Organization purchased the landmark property in 1982, but it would not begin rehabilitation for another eight years.
The landmark property was listed in the National Register March 19, 1982.
But many landmark properties are not likely candidates for additional development.
Last year its staff and 11 unpaid commissioners considered 7,933 requests from owners of landmark properties who wanted to alter them.
The agency plans to raise the money by imposing a fee on owners of landmark properties who are granted permission to make alterations.
They said the landmarks commission had clearly been willing to accommodate owners of landmark property who could prove hardship.
This landmark property, according to Trump, has received bids near $200,000,000.
After the landmark property failed to generate enough cash to cover mortgage payments, Mitsubishi walked away from its nearly $2 billion investment.
Just a whacked terrorist group blowing up landmark property and blackmailing the city for millions of dollars.
But its fate highlights the cumbersome process by which the government goes about rescuing landmark properties when, suddenly, history is for sale.