Ariel Troster @arieltroster.bsky.social · 04/12/2024There are precedents in our city of tenants being offered the right to return in new developments at similar rents to what they were paying before, but the developer refused to consider this. 120
Ariel Troster @arieltroster.bsky.social · 04/12/2024Their stated excuse was that it would impact the “financial viability” of the project. The committee wasn’t buying it. The new development will have more than 200 apartments. Accommodating 10 existing tenants at reduced rents will not make or break their financial bottom line. 140
Ariel Troster @arieltroster.bsky.social · 04/12/2024The committee opted to refer the matter to our next city council meeting on December 11. I made it clear to Smart Living that they will avoid further reputational damage if they make a better offer to existing tenants, including the right to return at their current rent rates. 120
