The Biltmore Hotel wants to delay paying more than $2.3 million it owes in back rent to Coral Gables until July 2012, according to a letter from Biltmore management to the city.
Under the terms it's proposing, the Biltmore would begin paying $100,000 to the city quarterly as of July 1, 2012. At that rate, it could take at least five years for the Biltmore to pay back the money it owes since it stopped paying rent in April 2009.
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