Posted Jan 8, 2014, 10:33 PM
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Registered User
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Join Date: Jul 2001
Location: Vancouver
Posts: 41,558
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The thinking is that restaurants provide more tax revenue and contribute more to the economic stability of the City. They are less likely to be transitory, pop-up or "fly by night" operations that may not contribute to the City over the longer term.
i.e. some restaurants with millions of dollars in leasehold improvements may sign 20+ year leases.
That's better than have a revolving door of tenants every few years.
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