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Newbury: Parkway in the slow lane
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misc
October 22, 2009, 10:36am Report to Moderator

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Quoted from 26


Not sure that follows. It's down to profitability.


Well both Poundland and 99p Stores have a presence in Reading's Broad Street Mall (aka The Butt's Centre), and neither rent space in the Oracle.
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26
October 22, 2009, 10:43am Report to Moderator
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Quoted from misc


Well both Poundland and 99p Stores have a presence in Reading's Broad Street Mall (aka The Butt's Centre), and neither rent space in the Oracle.


But New Look and sportsdirect are in The Oracle. I doubt Primark would struggle for the rent.
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blackdog
October 22, 2009, 1:24pm Report to Moderator

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The true value of anything is what anyone's willing to pay for it.

That is true - but doesn't take into account that the owners were not willing to sell it at the proposed price.

Quoted from user23.3
You didn't answer the question, during the good times did they pay more?

I guess the owners paid the going rate in a competitive market when they purchased the various properties - though I'm sure they would have preferred to force the owners to sell at a lower price than they were prepared to accept. Similarly I would guess they charged the highest rents they could get away with - and paid increased taxes accordingly.

Quoted from user23.3
I'm guessing the answer is no they put it in their pockets, so during the bad why should we the taxpayers be forced to put our hands in ours?

Put what in their pockets? And what is it that you think the taxpayers are being asked to pay for?



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brian
October 22, 2009, 5:34pm Report to Moderator

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Quoted from user23.3
The true value of anything is what anyone's willing to pay for it.

You didn't answer the question, during the good times did they pay more? I'm guessing the answer is no they put it in their pockets, so during the bad why should we the taxpayers be forced to put our hands in ours?

.


The true value of any transaction is what people are prepared to pay and what the owner is prepared to accept. In this case, they had no say in the sale as it was snatched from them even if they actually didn't want to sell.

Your point about the good times is strange. They owned the property, they paid their rates at the appropriate rate so where exactly or what exactly were the good times ?.

What blackdog said but in a different way. So, the same question you might like to ponder upon.
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