espaeth
Digital Plumber
Premium,MVM
join:2001-04-21
Minneapolis, MN | Their name is only on the building because...
they are the primary tenant.
As the article states:
Comcast leases about 90 percent of the building. |
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Monster Rain
Premium
join:2002-08-03
USA
| said by espaeth  :they are the primary tenant. As the article states: Comcast leases about 90 percent of the building. Oh, those annyoying littele details called facts don't usually stop the people here. lol |
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KrK
Heavy Artillery For The Little Guy
Premium
join:2000-01-17
Tulsa, OK
 ·AT&T Yahoo
·AT&T DSL Service
 ·Cox HSI
·AT&T Southwest
| reply to espaeth
said by espaeth :they are the primary tenant. For tax write off purposes only.
My company does the same thing. Builds and develops a facility, then immediately sells it to their real estate holding company, and then they lease it back so they can write off all the costs against taxes.
Sneaky, but smart.
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"Regulatory capitalism is when companies invest in lawyers, lobbyists, and politicians, instead of plant, people, and customer service." - former FCC Chairman William Kennard (A real FCC Chairman, unlike the current Corporate Spokesperson in the job!) |
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MrMoody
Carbon Based Lifeform
join:2002-09-03
Smithfield, NC
·Embarq
 ·Skype
·magicjack.com
| said by KrK :said by espaeth :they are the primary tenant. For tax write off purposes only. Yeah, they keep saying that as if it means Comcast isn't paying for it.
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The public is a poor business manager. |
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KrK
Heavy Artillery For The Little Guy
Premium
join:2000-01-17
Tulsa, OK
·AT&T Yahoo
·AT&T DSL Service
·Cox HSI
·AT&T Southwest
| Maybe they don't.... Did they "commission" the building? IE is it built specifically for them?
Without investigating further, I really don't know.... Sometimes investors build a building and then look for clients.... However in this case.... 90% of the building? Usually that means Comcast commissioned or had the building built for them, they just won't own it (they'll have a real estate holding company own it)
--
"Regulatory capitalism is when companies invest in lawyers, lobbyists, and politicians, instead of plant, people, and customer service." - former FCC Chairman William Kennard (A real FCC Chairman, unlike the current Corporate Spokesperson in the job!) |
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