White-collar workers temporarily enjoyed unprecedented power during the pandemic to decide where and how they worked.

  • _Sc00ter
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    1 year ago

    A part of that real estate equation is that the municipalities give tax breaks to the companies because they anticipate the extra people in the area getting them more money from gas stations, lunches, etc. Those contracts usually state that the building needs to have a certain occupancy for them to maintain the credit… and now municipalities are coming knocking for their back taxes since buildings haven’t been full.

    Thats what’s happening around me, at least