NYC developer Michael Shvo slams $600M suit by exclusive club as ‘cynical ploy’ for rent reduction
![NYC developer Michael Shvo slams $600M suit by exclusive club as ‘cynical ploy’ for rent reduction](https://nypost.com/wp-content%2Fuploads%2Fsites%2F2%2F2024%2F07%2Fnewspress-collage-mozizcz5u-1721689132789.jpg?quality%3D90%26strip%3Dall%261721674827)
Michael Shvo calls Core’s claims a “cynical ploy” to “litigate in the press” for a rent reduction and to get out of paying other bills, including for a $10 million construction cost overrun which its contract with Shvo obligates it to pay.