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re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop
Posted by: Michael_Portantiere 10:24 pm EST 01/08/19
In reply to: re: Lin-Manuel Miranda and Friends Purchase Drama Book Shop - ryhog 05:59 pm EST 01/08/19

"'Many landlords prefer to wait for area rents to increase before committing their real estate to long-term leases with relatively fixed terms,' the paper from the Economic Development Committee claims. 'If these landlords have deep pockets and large property portfolios, it may make more financial sense to claim a tax loss on vacant property than to rent at a non-optimal value.'”
Link Vacancy tax article
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