Quote:
Originally Posted by parm104
As for Vancouver's Waldorf Hotel closing...perhaps those who are upset about it now should have gone there more often to ensure that business was solid and that owners and lessees weren't loosing money. No one is going to give up their own money for years and years just to ensure a landmark property stays present while business is hurting. Head out to that street where the hotel is and look to your left and your right, you will see vacant buildings up for sale or lease because business simply isn't there.
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Businesses can't afford to be in that area anymore and that's from the city raising property taxes, if the property taxes were reasonable then the rents would be reasonable to do business there. But it seems like it's happening in every area where the city know's there's a potential for development so the taxes start rising and owners are pushed to sell