Patrick Sisson
Patrick Sisson
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Paying for jobs: How cities end up spending millions for corporate incentives

Paying for jobs: How cities end up spending millions for corporate incentives

ByShareAre economic development megadeals worth the price—and the risk? With cities trying to outbid each other for , it’s worth examining potential cautionary tales.the recent Foxconn deal in Wisconsin, a blockbuster, multibillion-dollar investment in bringing more manufacturing to the state, is indicative of the sad state of big-ticket economic development deals, and even more tragic in light of the cheaper, more effective options available.“Cities feel like there’s no alternative,” says Greg LeRoy, executive director of , a Washington, D.C., policy center that promotes accountability in...

March 12, 2018
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Landlords Lose Money When Restaurant Properties Sit Vacant, So Why Not Give Rent Relief?

Landlords Lose Money When Restaurant Properties Sit Vacant, So Why Not Give Rent Relief?

Filed under:Property owners with bullish views and big cash reserves see no reason to give tenants any breaksEvery day, David Helbraun feels like banging his head against the wall. A founding partner and chairman at Helbraun Levey, a New York City-based hospitality law firm with more than 1,000 clients in the city alone, the former entrepreneur and coffee bar owner is struggling to help restaurant owners desperate after months of COVID-19-related closures, restrictions, and income loss. The biggest obstacle, he says, is landlords who would rather see a restaurant space remain vacant,...

August 18, 2020
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