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Boston demands Faneuil Hall Marketplace operator pay back taxes or else
By adamg on Thu, 11/12/2020 - 10:26am
The Boston Business Journal reports the BPDA is telling Ashkenazy Acquisition Corp. of New York it wants the $2.1 million the company owes in back taxes and it wants it now. The company, which leases the marketplace from the city, and the BPDA and the mayor have clashed in recent months over what the city says is the company's refusal to help marketplace tenants weather the pandemic.
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Comments
Get rid of them
Ashkenazy Acquisition Corp. has a sweetheart deal for leasing Faneuil Hall. They pay next-to-nothing to rent it, charge exorbitant rents to tenants, and have treated local businesses badly. Non-payment of taxes should be grounds for terminating the lease and renting to someplace that will agree to be a better corporate citizen.
agreed
How many tenants have been forced out due to covid, and here they are not paying their own rent...
Ashkenazy
This outfit has a substantial real estate portfolio from coast-to-coast. They have two other notable properties in this city. The Fairmont Copley Plaza Hotel and South Station. It will be interesting to see how this ends.
So they aren't giving their
So they aren't giving their tenants a break on rent, but they're not paying their landlord (the city) the taxes they owe? They can't have it both ways.
So does this work?
Were the lien and the backtaxes just being ignored until now because there was a good relationship? Were they only discovered because of the COVID-19-induced conflict?
DOES IT MATTER?
They owe the money! And they should receive the same grace they gave to others...NONE!
You're not wrong...
I'm just curious about what lead up to this.