Manhattan Club Lawsuit

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Re: Manhattan Club Lawsuit (by Nathan Z.):

William,

I am not so naïve as to think the maintenance fees will drop to 1991 levels. However, if we can agree that the current management has been abusing its position, then legitimate management should be able to reduce fees by 10-20%. Even if the fees do not go down, a reserve should be created. For comparison, look at the Phillips Club at Lincoln Center. Granted, the Phillips sells 1/8 interests rather than weeks, but a time share in Manhattan can and should be better managed.