Jury Rules for Port in Lease Dispute
From Times Wire Reports
A Superior Court jury has awarded the port district more than $21.3 million in a lease dispute with Ryan Aeronautical, a former tenant whose owner abandoned a property near the city airport.
Ryan, a wholly owned subsidiary of Pittsburgh-based TDY Industries, began leasing 1.9 million square feet of buildings and property from the San Diego Unified Port District in October 1984. In May 1999, most of Ryan’s assets were sold and TDY arranged three subleases, all rejected by the port.
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