You'd have to go to the bondholders and see if they would accept that substitute. Substitute revenue. And you're talking about $700 million. Freeze the rent. The mayor of New York City can't freeze the rent. He has no authority. He appoints people to the Rent Guidelines Board. But the Rent Guidelines Board has statutory criteria that they have to consider in whether or not to raise the rent, what are the expenses, et cetera. (05:54–05:58)
CLAIM
Asserts that the NYC mayor lacks authority to freeze rent.
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