Monday, June 22, 2009

Charles Wells Pub Company is promising a fairer deal on machine income for its tenants.

Pubcos are looking at AWP income in the hope that releasing their grip on one part of the tie will earn enough brownie points to get them off the hook they skewered themselves on. They have been serially abusing tenants for decades and the least difficult to understand recommendation of TISC 2004 was to end the AWP tie. Since 2004 pubcos simply flaunted their position, totally ignored TISC and beginning to fiddle around the edges with AWP in 2009 is NOWHERE near enough. Talking about reimbursing tenants or retrospectively reducing rent calculations back to 2004 would be a start but obviously will never be considered

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