US Open: Dispute over rent between city and organizer

This is reported by the New York Times . Auditor Scott M. Stringer is calling for a renegotiation of the lease agreement, which has been in effect since 1993. He also accused tournament organizers of concealing $31 million in revenue over the past four years and delinquent $311.000, according to the report. The organizer refused to allow the authorities to examine the winnings.

“When it comes to contracts with multi-million dollar companies, the city must always think of its citizens first,” Stringer said at a press conference: “We cannot allow the city to miss out.”

However, the USTA strongly disagrees. Danny Zausner, the managing director, emphasized that 40 percent of the disputed amount had already been transferred. He also sees no reason to renegotiate the lease: “We have been a tenant of the city for 40 years. And we are a good tenant.”

According to the New York Times, the association pays $400.000 per year for the use of the space, plus one percent of gross revenue over $20 million. In 2017 the sum is said to have been 349 million. This year's edition of the Grand Slam tournament starts on Monday.

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US Open: Dispute over rent between city and organizer

Shortly before the start of the US Open, a dispute apparently broke out between the city of New York and the organizing national tennis association (USTA) over the rent of the facility in Queens.

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