McNellis: Empty Stores, Empty Logic – A Palo Alto Retail Vacancy Conundrum

By John McNellis Palo Alto’s city council is considering a “vacancy tax” on empty shop space in its downtown, penalizing owners stuck with vacant buildings. Not widely heralded for its common sense, the Council reasons that landlords are behind our beleaguered downtown’s hollowing out. One council member crowed that greedy landlords are intentionally holding their […]