it is an urban legend that retailers or commercial tenants in the squares have to pay a percentage to the developer for "whatever".
This legend is perpetrated in my opinion by many retailers that have gone out of business and lay blame to their problem on the developer charging too much rent/fees.
There are statements in many of the leases pertaining to attaining certain levels of revenues. For example if one has a business planned to do $500,000 per year in sales....there may be a clause stating that when they attain
$1, 500,000 they will begin paying a 1% fee to TV. Who would care if the business is doing 3 times more than planned???
Also by lease the retailers are supposed to stay open until 9 PM every day except Christmas and Thanksgiving.....whether they do any business after 6 PM does not matter. If there were no entertainment you would see many of these retailers closing at 5 or 6 PM.
The way charging for entertainment would be done, in my opinion, is the amenity fees would be raised to make it happen......not a very popular prospect for many of us.
Reality has a way of sorting out what is important to maintain once the developer has built out the area and has withdrawn subsidizing all marketing-like activities promoting "TV Lifestyle".
btk
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