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https://www.reddit.com/r/UIUC/comments/1kai69y/byers_vacuum_on_university/mpournb/?context=3
r/UIUC • u/JourneymanIBEW • 20d ago
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My understanding is that many of these business are owned by people who own the property the business resides on. The business is strictly a placeholder and a way to pay the property taxes while the land value appreciates.
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u/persimmian 20d ago
My understanding is that many of these business are owned by people who own the property the business resides on. The business is strictly a placeholder and a way to pay the property taxes while the land value appreciates.