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re: BR abandoned buildings that should be torn down
Posted on 4/28/14 at 10:55 pm to TigerRob20
Posted on 4/28/14 at 10:55 pm to TigerRob20
quote:
I'm not an expert on commercial property, but maybe the owner is depreciating the building for taxes? Is that even probable?
Partially because there was a ground lease on the land, which isn't even possible in today's market. Busreport had a whole write up on it earlier this year.
LINK
1
Posted on 4/28/14 at 10:58 pm to jdd48
quote:
Partially because there was a ground lease on the land, which isn't even possible in today's market. Busreport had a whole write up on it earlier this year.
I must have missed that article. Honestly, there is so much room in that development that the theater could sit vacant for a while. They should take some of that land and build another interchange to get out of the area. It is asinine that a shopping center that big is controlled by ONE INTERSECTION.
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