Quote:
Originally Posted by bomberjet
So if it comes to that, pay the guy for the parkade and be done with it.
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Well the owner would need $20,000,000 to end up with $10,000,000 after tax to be in the same cash flow position. That would thrown off 600k at 3%. Half goes to taxes leaving him with 300k. About what he currently gets.
There is no way tax dollars should be paying him out and government offices should not be going into the Bay... Find a new user for the building and stop removing tenants from buildings which pay property taxes! I love the building too but enough of this subsidy business and CV overpaying for obsolete and
dis functional Real Estate.