3 ms·
I think that businesses should really appreciate the foot traffic that Metro station would bring. It's three years of losses and then 30 years of profits. If w
by thriftwy 9y ago
I think that businesses should really appreciate the foot traffic that Metro station would bring. It's three years of losses and then 30 years of profits.
If we're talking about renters, they can move out if they don't like the hassle, and landlords will surely compensate losses with sweet deal they'll get once subway is open.
- bradleyjg 9y agoCommercial leases are generally ten years long. The landlord ends up capturing most of the increase in value, while the current lessees end up eating most of the costs.
- thriftwy 9y agoI would imagine that current lessees' influence will be pretty limited and definitely offset by their landlords. Public reaction on top of that. I don't understand why their word will be decisive here.
- lukeschlather 9y agoI don't really think so. Small business owners are often much more influential at the city level than lobbyists paid by out of town landowners. Even if the landowners have significant influence, they're outnumbered by the lessees and the lessees have a lot more to lose.
- thriftwy 9y agoI can see how this might become a problem. Small business owners will be hostile to any city configuration change, because they'll have to adapt to it and that will require some effort from them. Naturally their influence has to be limited in order to see any kind of motion forward.