Board Thread:Questions and Answers/@comment-4923787-20131005001125/@comment-32656-20131213170524

Half of it would belong to someone else in your scenario, Turkish or otherwise.

That would mean all out war between the 3-5 (year dependent) merchant republics. Not good, and wouldn't happen on that scale. The setup with each having a "quarter" (more a neighborhood than a quarter of the city) of the city is more stable and profitable.