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These bastards drove out some nice stores near me (supposedly the lease ended and did not renew) and rebuilt the buildings in order to open an Amazon Fresh loca
by g947o 9mo ago
These bastards drove out some nice stores near me (supposedly the lease ended and did not renew) and rebuilt the buildings in order to open an Amazon Fresh location. That Amazon Fresh store never opened. Now we have a giant empty storefront nobody uses.
- barbazoo 9mo agoBut for a brief moment there was a chance it would make the shareholders more wealthy. Surely that’s worth it. /s Wondering what the municipality’s responsibility there wrt zoning.
- bumblehean 9mo agoSame here. A local grocery store and several other local businesses got bought out and demolished so Amazon could build a new Fresh store. I guess Amazon pulled out of the project halfway through, since for the last ~2 years there's been a half-finished building just sitting there completely abandoned in our town center.
- happyopossum 9mo agoWait, how does a store that never opened drive out an existing store? That’s not how commercial leases work… Given that a supermarket abandoned that location, and Amazon never opened on their either, perhaps that location or the lease price simply doesn’t work for a grocery store?
- g947o 9mo agoThe tenants needed to vacate before the owner tore down the building.
- throwaway173738 9mo agoAnd then the new lessee just doesn’t finish the new building so it’s no longer possible to build on the land without tearing down or finishing the project at great cost to any new lessee. Which would be waste but you’d have to take Amazon or whatever shell company they used to court.
- esseph 9mo agoThey got word of the development and decide to not renew their commercial lease? Then you either move business somewhere where you don't have to directly complete, or shut down.
- nebula8804 9mo agoReminds me of the time they made towns all around the US do a dog and pony show to attract "HQ2" and then just located it where Bezos wanted to be all along. I remember AOC getting it right all along, she did the most milktoast of pushback in her district and it caused Amazon to huff and puff and just walk away(causing many property speculators to lose out). She got raked over the coals but a few years later and the place HQ2 ended up didn't fare so well. AOC was vindicated. My hope is that more towns learn from your experience and don't tolerate this nonsense anymore.
- netsharc 9mo agoJohn Oliver analyzed state's tax rebates, 8 years ago: https://www.youtube.com/watch?v=8bl19RoR7lc https://www.youtube.com/watch?v=8bl19RoR7lc , he concluded that giving 1000 people Ferraris to drive around a pile of $30 million cash on fire would be more fiscally responsible...
- nebula8804 9mo agoI found it pretty funny when Mayor Mamdani of NYC pointed out that the people opposing him spent more money trying to stop him being elected than they would end up paying in increased taxes. It really is a game to those people. They can't bear to give up one cent or one ounce of control. Another funny story was that some substack writer (whom I forget sorry) noticed that Bill Ackman subscribed to their substack and used a 30% off coupon ha ha.
- NickC25 9mo agoJeff Bezos in FY 2024 filed for, and received, a $2k child tax credit. While the company he was the founder of passed over a trillion dollars in market cap.
- lmm 9mo agoIf it's a good tax credit, incentivising something society wants to incentivise, then everyone it applies to should get it; that helps social cohesion. If you make billionaires ineligible for tax credits they'll oppose them (and why shouldn't they?)
- knowitnone3 9mo agosounds like you have an opportunity to open a grocery store?
- ozten 9mo agoThis is the tragedy of the commons.