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Re: Business Owners In Grand Central Terminal Say Homeless Population Is Taking Over

Posted by Fisk Ave Jim on Sat Feb 15 20:56:53 2020, in response to Re: Business Owners In Grand Central Terminal Say Homeless Population Is Taking Over, posted by Jersey Mike on Sat Feb 15 17:02:36 2020.

Its not that easy. First they have to get out of their lease and then find a place to relocate with all the moving expenses involved.
And its not a given that the rents (in GCT) will automatically decrease. The homeless problem is citywide, not just in GCT. In other words, since we have a homeless problem here (in GCT),we're not any different than anywhere else in the city. The real estate market will stay stable.

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