Quote:
Originally Posted by Cecil Terwilliger
Well they should have leases that would have fixed payments, that should limit their losses.
But since there are 500 stalls and only 120 are rented, I’d say the owners of the project are bleeding money. They can’t even raise rent on new leases, who would pay it?
I figure there are several companies watching with interest for the inevitable demise of this failure if a mall and will scoop it up when it goes belly up.
|
New Horizon is business condo style. Individuals or groups purchased condo units and either used them, sat on them, or rented them out to other suckers.