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danteheehaw t1_issvykw wrote

Reply to comment by BigBobby2016 in TIL the Empire State Building opened during the Depression, and took 20 years to become profitable. by licking-windows

I think they mean it was costing more to maintain than the income earned.

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BigBobby2016 t1_issyxa6 wrote

That does make sense. Cities and developers have been known to give buildings away when they cost more to maintain than they earned in income.

My old city actually gave their arena to a university because of this. That same year, they charged the city $10k to hold their HS graduation there…

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