Quote:
Originally Posted by JHikka
It is a temporary event space. It provides flexibility for outlets, whether retail or food or otherwise, who either aren't convinced or don't have the resources to commit to the Uptown in a full-lease storefront. It provides further options for businesses to operate in the Uptown core, which should only be seen as a net positive.
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I'm genuinely interested in seeing what the city is charging per square foot. It should be competitive with privately owned retail space. It's concerning if taxpayers are indirectly subsidizing commercial use of untaxed property owned by the city at the expense of competition.
And commercial landlords have definitely become more flexible since 2019 regarding pop-ups, shorter-term leases, flexible spaces, etc.
Not being a mega downer here, just a little perplexed the city is getting into commercial real estate management.