Thursday, April 07, 2011

There's one born every minute

Sure, on the surface it might look insane that the Wall government - having already gifted more in tax incentives to a single tenant than the new Regina Tower 3 will cost to build - is now planning to shackle the province with a 20-year lease for five stories worth of space in the tower. But let's not jump to overly hasty conclusions.

After all, one would think that a tenant set to take over a quarter of a new building could expect to enjoy terms roughly as friendly as the building's anchor tenant. So as soon as we figure out what sucker will be on the hook to pay the province half a million dollars for every job moved into the building, we should be just fine.

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