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Local Governments Move In On Retail Vacancies

PYMNTS

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve. has hiked the normal commercial property tax rate on vacant property from between $1.65 But it never happened.

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Amazon’s Biggest Campus In The World Opens In India

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Amazon was going to build a huge new headquarters in New York, but eventually decided against it, due to local opposition and despite tax breaks. The company’s next headquarters is being built in Arlington, Virginia. Because of the competition in the region, Amazon has reportedly been considering partnering up with physical stores.

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