How is a Marina Tenant Like a Wall Street Bank?
Answer: Both have figured out how to socialize their losses/costs and how to privatize their gains!
This is ridiculous and it needs to stop. The residents of IOP will pay for all the repairs and beautification which will permit the tenants to make a lot more money. All of which will probably go in the tenant’s pockets because it appears the “profit toggle” has never been met. This is a sweetheart deal any business owner can only dream about!
So the city wants the residents to finance a $5.5 large renovation so more access and slips will be available for Mt. Pleasant residents. Have we lost our mind?
iopobserver 