Apple offered 5 years of free rent to open in City Creek

[_Panopticon]

http://news.yahoo.com/blogs/technology-blog/apple-being-offered-free-rent-just-open-stores-220105575.html

http://www.theofrak.com/2012/06/what-would-jesus-do-with-5-billion.html

The Great and Not-So-Spacious Mall must not be doing as well as expected.

[_Maxrep]

Aha! Some time back I had mentioned that the church would do would ever it took to create the appearance of success at city creek, even if it meant drastic reductions in retail lease rates to fill the mall.

They slashed the condo prices in half. Is anyone surprised? Sure apple can drive a deal, but I bet they are not the only retailer that leveraged city creek.

[_DarkHelmet]

The church should offer free leases, but require 10% of the tenant's profits to be given as tithes to the church.

[_Quasimodo]

The church should offer free leases, but require 10% of the tenant's profits to be given as tithes to the church.

Five years free rent for forbidden fruit?

[_moksha]

Isn't this in fulfillment of the prophecy, "Build Apple and they will come"? Anyway, this works for baseball diamonds built in corn fields.

[_Drifting]

I wonder what those stores who got less than five years rent free are going to be discussing at their next monthly meeting with the City Creek Centre Managenent....

[_Yoda]

Where is Polygamy Porter? He is a member and co-founder of the Cult of Mac! He should be rejoicing with this news!

All hail the Cult of Mac!!!

[_Willy Law]

From what I understand Macy's and Nordstrom also pay 0 rent at CityCreek. I believe this is pretty standard for these type of stores to anchor a center. It is also fairly common to offer rent abatement to new tenants, but I have never heard of five years. Most I have ever seen is one year and that is usually from new, struggling centers that are desperate to get leasing going.

[_The Mighty Builder]

You don't know that, Nobody knows for sure, You weren't there.