SF LGBT Center's Moneymaking Plan: 1) Get Money From City 2) Become Landlord
LGBT Center emergency loan approved; $157k to be paid back beginning in 2015 San Francisco will float the Castro District's LGBT Center a $157,000 line...
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bloomsm said:
March 31, 2010 1:50 PM
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What fiscal fantasy. Eight years of payments; $50,000 principal retired. They have a "solid" revenue-generating plan in the worst market for commercial real estate in 25 years. They have no permits, no tenants lined up, and the ground-level unit has been empty two years. Expect these folks to line up at the city trough again soon.