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mahatmakanejeeves

(57,484 posts)
Mon Aug 29, 2016, 01:21 PM Aug 2016

Amtrak Hikes Rents For Backyard Spaces From $25 to $25K, Residents Say

Hat tip, NY.curbed.com: Astoria residents with backyards get a ridiculous rent hike from Amtrak

Amtrak Hikes Rents For Backyard Spaces From $25 to $25K, Residents Say

By Jeanmarie Evelly | August 26, 2016 7:35am
http://twitter.com/jeanmarieevelly

DITMARS — A group of Astoria homeowners whose side and backyards are located under the Hell Gate Bridge says Amtrak has dramatically raised their rents for the outdoor spaces, with one resident saying he’s seeing his jump from $25 to $25,560 a year and another reporting a hike of $50 to $45,000.

The homes are adjacent to the bridge's large concrete arch supports, and residents say their families have leased the land underneath the structures for decades for a nominal fee. In exchange, they were required to clean and maintain the spaces, they said.

But earlier this month, at least six of these property owners received letters from Amtrak notifying them of the enormous rent hikes and saying they have 30 days to accept the new leases or they'll have to give up the land that's served as their backyards for years.

"I was born in the house I live in 73 years ago — this was my grandparents' home," said Loretta Csikortos, who lives on 23rd Street between Ditmars Boulevard and 23rd Avenue, where her family has leased their side yard from Amtrak since 1946. ... She was told earlier this month that the rent for the space — where she keeps a large wooden deck and an aboveground swimming pool — is increasing from $50 to $45,000 a year.
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Amtrak Hikes Rents For Backyard Spaces From $25 to $25K, Residents Say (Original Post) mahatmakanejeeves Aug 2016 OP
What the Hell Gate? KamaAina Aug 2016 #1
As long as you're asking, why not go for a cool million? unblock Aug 2016 #2
Something wrong with this story. HassleCat Aug 2016 #3
Whoops. I didn't catch that. mahatmakanejeeves Aug 2016 #4
Seems that way. HassleCat Aug 2016 #5
Increases like this are unnecessarily clumsy Warpy Aug 2016 #6

unblock

(52,247 posts)
2. As long as you're asking, why not go for a cool million?
Mon Aug 29, 2016, 01:24 PM
Aug 2016
http://www.imdb.com/title/tt0094898/trivia?tab=qt&ref_=tt_trv_qu

Telegraph Lady: As long as you're asking, why not go for a cool million?

Semmi: You do not think that would be too much?

Telegraph Lady: Naah.
 

HassleCat

(6,409 posts)
3. Something wrong with this story.
Mon Aug 29, 2016, 01:27 PM
Aug 2016

Amtrak generally does not own its physical facilities, but rents everything from the railroads. As for the person who said he family rented from Amtrak since 1946, Amtrak was established in 1971, so it seems to me the author of this piece got some details wrong.

Warpy

(111,270 posts)
6. Increases like this are unnecessarily clumsy
Mon Aug 29, 2016, 02:01 PM
Aug 2016

and I smell an eager beaver MBA who's bucking for upper management. While the leases should have raised the rent after all these years, it would have been far wiser to do it in smaller increments that would have given more of an appearance of being reasonable and necessary progress toward market levels.

IOW, you obviously don't need to be smart to go to b-school.

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