Word: optionals
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Getting the money was not so hard. Metropolitan, which has already sunk about $2 million in the dream and has the option on further financing, was impressed with Zeckendorf's hard-headed operating plans. The ten-story hotel, office, and professional buildings are expected to be self-sustaining. The rest of Bill's world of tomorrow will be let out at a basic moderate rent plus varying percentages of gross sales (e.g., 1% for food stores, 15% for millinery shops...
...heroine is hostess; the novel exhibits the breakdown of 1) the principle of selection, 2) the circle, and 3) the hostess. Miss Howe (sister of radio commentator Quincy Howe, daughter of Mark De Wolfe Howe) works a modest claim in territory on which J. P. Marquand had an option. Her ear is attentive, though incapable of his flights of parody; her knowledge of Boston, Cambridge and Harvard politics is sharp and sometimes subtle; her style is firm, though it would have been firmer to reject a few cliches: metaphors involving roots and tides appear regularly at big moments...
...expected to do this was a Kansas City coal man named Kenneth Aldred Spencer, president of the Spencer Chemical Co. He got Jayhawk on a lease with an option to buy for $20,000,000, two-thirds of the original cost of the plant...
With capital furnished by Hoving and his associates, the newly formed Hoving Corp. bought 22% of Bonwit's outstanding stock from Floyd Odium's Atlas Corp. Hoving also got an option on an additional 74%. Before long he expects to take over control of Bonwit. Then he plans to open branches under the Bonwit name in other U.S. cities...
Colorado Fuel & Iron Corp., second best bidder, proposed to lease the plant with an option to buy, pay the Government rent of $2 for every ton of steel manufactured. Colorado Fuel also proposed to spend up to $47 million for added facilities, pay not less than $80,000,000 if the purchase option is exercised...