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Sears wants to buy back the Universe, and move it...

moevillini

the Chief Old D'oh
Contributor
yes, this probably should be merged into TULT or perhaps the Flat Earth topic, but I couldn't resist the thread title

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The Universe by Alexander Calder

Perhaps Sir Kickyass can use his legal talents to help sort this out...
Since the Sears Tower opened in the 1970s, the nation's tallest building has changed owners and even its name. But at least one feature has remained constant: the giant, brightly colored Calder sculpture in the tower's lobby.

Now that may be changing, too, according to lawyers for the current owner of the building, renamed the Willis Tower in 2009.

Alexander Calder's motorized art installation, "The Universe," has become the subject of a legal dispute between the current owner — a Chicago-based investor group called 233 S. Wacker LLC — and the tower's original owner, Sears, Roebuck & Co.

In July, officials with Sears notified the investor group that they were moving to buy back the multi-piece mobile at half its appraised value as allowed under a 1994 agreement, according to the lawsuit filed by the owners last week in Cook County Circuit Court.

Chicago attorney George Collins, who represents the investor group, indicated that Sears officials said they wanted to move the sculpture out of the tower but would not specify where it might be relocated. The group has asked a judge to block the purchase, arguing that the buy-back agreement was terminated long ago.

https://articles.chicagotribune.com/2010-10-04/news/ct-met-sears-willis-calder-lawsuit-20101004_1_willis-tower-sears-tower-sears-officials
 
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