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December 2, 2006
BID Is Blah to Some
Courier-Life
Stephen Witt
“In the last five or six years, my real estate taxes have gone up 50, 60 percent,” said Thomas Clara, who owns five buildings along Livingston Street between Nevins and Bond Streets.
Clara, along with another landlord, Hira Amrik, said that even if they were to pass the minimum $2,400 annual BID fee per building to tenants, it would be a hardship.
Some of these tenants are small business owners such as hair braiders and tailors, and they worry that the BID means a Starbucks will soon replace them, Amrik said.
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Among the corporate names that have properties within this proposed BID include Forest City Ratner, Two Trees Management and Con Edison.
Posted by amy at December 2, 2006 10:23 AM