John Manning
John Manning
act assessment double fair million minimum profit
Its assessment under the Fair Act is going to be a minimum of $16.5 million annually for 30 years. That $16.5 million is more than double a year's profit for this company.
comparable growth opening revenue sales solid stores sure unable
It's unable to get solid revenue growth on a comparable basis. Sure it's opening new stores and getting sales growth there but it's comparable sales growth has been poor.
pay within
There's some pre-payment flexibility. If they're stabilized within that timeframe, they can pay it off. I think they'll be well stabilized in that time.
city committee meeting petition reflect turned
The city had a meeting with the committee that turned the petition in and outlined the things that were done wrong. Those things have been corrected. The new petition will reflect that and we will get it right this time.
billions companies large million year
You've got large companies making billions and billions a year in profits. Having to come up with $27.5 million is nothing to them.