Hudson Related And RIOC Must Agree To Forgo Rent Collections

Proposal: Save Main Street Businesses Under Coronavirus Threat

Updated 4 weeks ago David Stone
Let's keep the sun shining on Main Street. Save our businesses.
Let's keep the sun shining on Main Street. Save our businesses.
© David Stone / Roosevelt Island Daily

Main Street businesses, already in constant peril from high rents and light traffic, are in even more danger as the coronavirus stranglehold reaches deep into the community. Others later "borrowed" our proposal, but here's what we asked on March 17th.

It should not need suggesting, under the circumstances, but sadly, it does: RIOC and Hudson Related need to put together a deal that relieves Main Street businesses, including nonprofits, from rent obligations for the duration of the coronavirus crisis.

Hudson Related, as the master leaseholder over Island businesses, should be relieved of any obligations concerning rent collections and resulting payments due RIOC. As it's unfair for Hudson Related to handle the full burden independently, we call on RIOC to release them from any obligations until the crisis lifts.

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The crisis digs deep into business operations, but it also digs deep into residents ability to pay and support our businesses.

And we call on both parties to do this as soon as possible, giving our business owners some breathing room as they work through the hardest of times.

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