Email draft discussing $96‑$106 M art‑space transaction and tax calculations

Email draft discussing $96‑$106 M art‑space transaction and tax calculations The passage contains only a rough financial sketch of a potential art‑space deal, with generic tax rate references (including a mention of “Obama”). It lacks specific names of parties, dates, transaction documents, or any indication of wrongdoing, making it a low‑value, speculative lead. Key insights: Proposed combined basis of $96 M (potentially $106 M after restructuring); Estimated long‑term loss of $90‑$98 M after sale price of $8‑$15 M; Tax rate calculations referencing 28 % AMT, 3.8 % federal, 12 % state/city