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SL Green Issues Statement on Aqueduct Race Track Decision

SL Green CEO Marc Holliday said, "Back when AEG was tentatively selected, we expressed doubt regarding the group's ability to meet the State's conditions. So, we were gratified to learn of the Division of Lottery's findings and the decision announced today by the Office of the Governor. Moving forward, the State possesses all the information it needs to move quickly and to select one of the existing proposals. All parties would be best served by the immediate appointment of either Lottery or an independent apolitical committee to review those proposals. The decision should then be made on the respective proposals' merits and the bidders' ability to deliver the facility quickly.

"The SL Green/Hard Rock team is still interested and ready to go forward. We have already fulfilled all of Lottery's licensing requirements and we remain able to deliver on our promises - both on expedited timing and on our long-term vision for this exciting project."

Company Profile

SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of December 31, 2009, the Company owned interests in 29 New York City office properties totaling approximately 23,211,200 square feet, making it New York's largest office landlord. In addition, at December 31, 2009, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 374,812 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 31 suburban assets totaling 6,804,700 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.

Rubenstein Associates
Rick Matthews, 212-843-8267