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More retail and fewer restaurants is not a conducive draw to tourists, guests and villagers. And to related businesses on the square. |
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A TV business insider told me: When a successful business in TV is up for lease renegotiation, the developer demands a sizable portion of future business profits in addition to rent. This insider told me there have been several businesses that closed up because of this negotiation tactic.
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Another loss for Villages North.
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With all due respect to you, Outlaw, I have heard that rumor over and over and it was directly answered by the person who works for The Villages in charge of commercial leases some time ago who said it wasn't so. I will try to find that thread. The rent IS probably high in the squares. It usually is in successful tourist areas. Not everyone can handle the overhead. For that reason I rarely shop in tourist areas because I know the overhead is high. You can get more bargains in lower rent areas. I haven't located that information but found this while looking. This thread is from 2008. https://www.talkofthevillages.com/fo...mercial+leases |
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Get over the envy of the developers! Take the risks with your personal assets that THEY did, and build it yourself here if their results and fiscal sustainability are so offensive to you. |
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At the signing of their original or last lease, they knew when they signed there either was a clause for renewal or there was not. There is usually discussion about including the renewal just simply because it costs nothing...adds not commitment and locks in the property. When the lease is up either renew or not. So at some point these folks must have signed a lease, knowingly, with no lease renewal clause. The real question is whether there was a renewal in the lease or not? If yes and TV does not renew it would be breach of contract. If there was no renewal clause they knew that at the time of signing, there would be no assurance they would get a renewal. It is easy and convenient to just say I could not get my lease renewed....which may in fact be true, but known way in advance (at lease signing)!! |
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This is sad. Eternally grateful that there are wonderful family-owned restaurants outside TV that we enjoy. |
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I admittedly don't care to eat out much but Athens was one of the better restaurants here. I will miss their deep fried haddock. apparently residents' loss is VLSI gain. Cést la vie I guess I'll never understand the misguided loyalty residents seem to have with a business entity called VLSI...its not wise to love a corporation because its incapable of loving you back....like golf. Personal Best Regards: |
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