August 8, 2009
NEW YORK (AP) - Homeowners aren't the only ones in hot water over overpriced real estate. A New York City hot dog vendor has been evicted from his prize spot outside the Metropolitan Museum of Art because he couldn't pay a whopping rent bill of nearly $54,000 a month.
Snack cart owner Pasang Sherpa of Queens had a deal with the city's parks department that required him to pay almost $643,000 per year for the vending rights near the museum steps.
He says he was $310,000 behind on his payments when he was evicted. The Parks Department had auctioned off the rights to the spot last year.
Information from: Daily News, http://www.nydailynews.com
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