FolkMetalWarrior t1_jb29j9a wrote on March 5, 2023 at 9:52 PM Reply to comment by leagle89 in Cleveland park needs a coffee shop by katrusiaa If it's anything like NY, lowering rent would revalue the property lower, which the property owner probably doesn't want to do; so they let it sit empty and write it off as a tax loss. Its a terrible end result for a community. Permalink Parent 3
FolkMetalWarrior t1_jb29j9a wrote
Reply to comment by leagle89 in Cleveland park needs a coffee shop by katrusiaa
If it's anything like NY, lowering rent would revalue the property lower, which the property owner probably doesn't want to do; so they let it sit empty and write it off as a tax loss. Its a terrible end result for a community.