Re:Alamo Drafthouse Files for Bankruptcy
by criddell on Wednesday March 03, 2021 @03:02PM
(#26333625)
Does this lead to landlords keeping the space empty than lowering the rent?
[ Parent
| on HN ]
I can't find the article, but supposedly yes. IIRC the reason was that the landlord's loan terms are dependent on the income from the building, but that number doesn't recalculate until a new tenant comes in, so accepting lower rent can trigger a large cash call.