Viewing a single comment thread. View all comments

Proof-Variation7005 t1_j5kr0ds wrote

Reply to comment by Flashbulb_RI in What’s happening with this Bintimani/AS220 drama? by Loveroffinerthings

>When AS220 bought their buildings they made sure not to price out / dislocate the small businesses on street level.

Unless it's the Satin Doll.

Below market rents is great. But if we're going to shit on Brown for not paying close to full freight on property taxes, I don't see why AS220 should get a pass for it.

1

Flashbulb_RI t1_j5l230d wrote

I believe the Satin Doll went out of business long before AS220 bought that building.

4

Proof-Variation7005 t1_j5l4eo9 wrote

It was open until the building was sold. FWIW, I think the owner of the club partially owned the building when he sold in 2015. I don't know why they gave up on the plan for that space but I think they ended up flipping the building to Durk's within a few years.

−2

Flashbulb_RI t1_j5lwj1x wrote

So, the owner of the club sold his own building or fraction of, got his $$ and you're blaming AS220 for his dislocation? OK.

1

Proof-Variation7005 t1_j5lxcsp wrote

I was pointing out that they haven't kept every business open. Can't help but notice you skipped right past my point about the property taxes though

0

Flashbulb_RI t1_j5lz2fc wrote

My understanding (I'm not a tax expert) is that when a non profit owns a building (Brown or AS220) and rents out that building (or a portion of) to a for profit business such as a restaurant, that property is taxed at the normal commercial rate.

2