Re:Forget Boeing, Microsoft's Tax Break Costs $776M
by vvanders on Thursday May 05, 2016 @12:08PM
(#11637294)
> benefits all other businesses in the area
Generally, but not always the case.
I lived in Redmond for ~5 years and saw a ton of small businesses close up shop since they couldn't afford to keep pace with market prices for leases/etc.
Heck we got our lease on our apartment terminated "early"(~2 month lead time) and the 1br/1ba was turned into a 300k condo. No way we could swing that price at the time(and it was crazy in retrospect). So we also moved out of the area.
Generally, but not always the case.
I lived in Redmond for ~5 years and saw a ton of small businesses close up shop since they couldn't afford to keep pace with market prices for leases/etc.
Heck we got our lease on our apartment terminated "early"(~2 month lead time) and the 1br/1ba was turned into a 300k condo. No way we could swing that price at the time(and it was crazy in retrospect). So we also moved out of the area.