Quote:
Originally Posted by chinchaaa
can anyone explain why OCH seems to think they'll be forced out in a few years due to the historic designation? I don't understand that part
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The current owner / landlord wants to raise the rent because the market allows it and they need to pay their property taxes. If the property is not designated historic the current property owner will sell to Hanover and Hanover will cut a deal with OCH. Basically it is the new denser development subsidizing the beloved cultural asset. IMHO we should encourage such things and hope to get more of it in the future rather than fighting it.