Quote:
Originally Posted by thinkxingu
Yes, but in my mind some of the money invested in the property should have been taken into consideration.
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Technically, no. Typical lease terms (and I have no insight about this particular deal) are that any improvements revert to the landlord/property owner at lease end unless other arrangements have been made.
I'm not sure how I feel about the outcome of this. On one side, yes, LL had a long time to plan for this. But 30 years of runway does not mean they should be taken to the cleaners by the city either, IMO the property was way overvalued.
Does Irwins really *need* that parcel? They seem to have plenty of land, this whole thing almost seems mildly confrontational on Irwins part.
I hope Lakeport Landing continues to thrive in the area, we don't need any businesses going away.