gabeman
join:2001-05-03
Philadelphia, PA
clubs:
 ·Hotwire Communicat..
| reply to TMMerlin
Re: What a way to go ..I bet they don't own the building !
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  |
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openbox9
join:2004-01-26
Alexandria, VA | reply to TMMerlin
Correct. The building is owned by a REIT and Comcast is only leasing space....and it's for 15 1/2 years. |
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TMMerlin
The Devil made me do it
join:2003-06-19
Oxford, MI
 ·EarthLink
| 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.
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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. |
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