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Forums » Comcast Soars to Top in $750 Million Skyscraper » What a way to go ..I bet they don't own the building !
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TMMerlin
The Devil made me do it

join:2003-06-19
Oxford, MI
·EarthLink

What a way to go ..I bet they don't own the building !

The "financiers" own the building and Comcast probably didn't have to pay any money down ! They become renters !
Then write off the rent as ops cost on taxes .. get a 100 year lease with rent appreciation clauses to suit them.

Now the real prize would be, if the rental cost per sq ft is less than the average price in philli ! or better yet, less than the aggregate cost of there current digs, to boot.
--
Some people hear their own inner voices with great clearness and they live by what they hear. Such people become crazy but they become legend.
permalink · 2008-04-27 11:45:09 · Print · Reply to this
openbox9

join:2004-01-26
Alexandria, VA

Re: What a way to go ..I bet they don't own the building !

Correct. The building is owned by a REIT and Comcast is only leasing space....and it's for 15 1/2 years.
permalink · 2008-04-27 11:54:13 · Reply to this

gabeman

join:2001-05-03
Philadelphia, PA
clubs:
·Hotwire Communicat..

 Some other companies in Philly have threatened to leave the city and been given huge tax incentives. I think there are also incentives for leasing in a new building.

Also, I had an interview at one of Comcast's current offices in Philly and it was actually quite nice
permalink · 2008-04-27 17:12:43 · Reply to this
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