Businesses worried after landlord pleads guilty to illegal gambling ring

Businesses worried after landlord pleads guilty to illegal gambling ring


, LANDLORD WITH DOZENS OF
TENANTS. JIM: HE MAY NOT BE SENTENCED FOR
A FEW MONTHS STILL, BUT STEVE
MARDIGAN IS STILL CHECKING IN ON
HIS TENANTS. HE OWNS MORE THAN A DOZEN
COMMERCIAL PROPERTIES ALONG BUSY
FOREST AVENUE. WE TRACKED HIM DOWN AND ASKED IF
WE COULD TALK ABOUT THE ILLEGAL
SPORTS GAMBLING RING. HE SAID, NO COMMENT AND HEADED
, STRAIGHT FOR HIS SUV. ROSETTA IANNACCONE IS BUSY
CHURNING OUT THOSE FAMOUS CHEESE
STEAK SUBS AT THE THE 5-SPOT ON
CONGRESS STREET.>>IT IS SCARY. I DO NOT KNOW WHAT IS GOING TO
HAPPEN. JIM: MARDIGAN IS HER LANDLORD,
SHE DOESN’T KNOW WHAT TO EXPECT
AFTER HIS GUILTY PLEA AND WORD
THE BUILDING SHE RENTS IS AMONG
MARDIGAN’S ASSETS THAT HAVE BEEN
SURRENDERED TO THE FEDER GOVERNMENT.>>THANK YOU FOR CALLING. JIM: SHE SAYS HER RENT CHECKS
ARE MADE OUT TO STEPHEN MARDIGAN
AND SENT TO 460 BAXTER BOULEVA
HIS MILLION DOLLAR MANSION ALSO
, AMONG THE PROPERTIES SEIZED. SHE AND OTHERS ARE WONDERING
WHAT WILL BECOME OF THEIR LEASE
AGREEMENTS, IF AND WHEN THE
BUILDINGS GO UP FOR SALE
>>THE CONCERN IS, OF COURSE WE
WOULD LIKE TO BUY THE BUILDING, BUT IT’S REAL ESTATE IN
PORTLAND. I DON’T KNOW HOW LIKELY THAT’
GOING TO BE. WE’RE GOING TO GIVE IT OUR BEST
SHOT, BUT IF A NEW LANDLORD
COMES IN WE DON’T KNOW WHAT
THEY’RE GOING TO DO. JIM: EVEN IF ALL OF MARDIGAN’S
PROPERTIES ARE EVENTUALLY SEIZED
BY THE GOVERNMENT, AUCTIONED OFF
AND NEW OWNERS STEP IN PLACE, A
LAWYER WHO SPECIALIZES IN
COMMERCIAL REAL ESTATE TELLING ME, THE CURRENT LEASES WILL BE
LEGALLY BINDING. IN PORTLAND, JIM KEITHLEY, WMTW
NE

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