ST Alpha - "My understanding is its a foreign company that abandoned the project, so I doubt they would be paying. -- nm" (Reading a Post)

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In response to "everyone told Karen Bass to impose a vacancy tax on these things. still waiting afaik -- (link*)" by hollywood big shot

My understanding is its a foreign company that abandoned the project, so I doubt they would be paying. -- nm

Posted by MDH Feb 7 '24, 08:54

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Responses:

But the gov't could then get a lien on the property, and then maybe sell to a new developer. -- nm - Roger More Feb 7, 08:56
seize it, eminent domain -- nm - hollywood big shot Feb 7, 08:56 6
- Not disagreeing with you. These things take time though, which is likely part of the holdup. -- nm - MDH Feb 7, 08:57 3
  - Looking it up, there's a wiki page. The property has been listed for sale -- (link) - Roger More Feb 7, 09:00 2
    - the problem seems to be even if you could buy it in a distressed sale situation, it still needs another $1b+ to complete the build out - hollywood big shot Feb 7, 09:10 1
      - it's all the Chinese fault! -- nm - decline Feb 7, 09:16
- Taggers did. -- nm - Spawn Feb 7, 08:57 1
  - heh -- nm - mud Feb 7, 08:58

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