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The taxes on this building are $29,743 a year or $2,478 a month. That is the reason the rent is so high. That is the reason the tenant couldn't afford to stay.
And if Mayor Avedisian honestly feels that the theater is "a valued part of the community", he should do something to keep them here. As Mayor, the first thing I would do is compare the value of that building to the value of similar buildings in Cranston, East Greenwich, and other cities/towns. Our tax-values are overpriced. Warwick is not competitive with other commercial properties in surrounding communities. Warwick is losing businesses (4,666 in the last ten years) while other communities are gaining them.
Warwick needs to CUT-TAXES - CUT-SPENDING.
If Warwick does, regardless as to who is Mayor, Warwick will gain new businesses and new taxpayers resulting is less taxes-per-person. This is basic economics.
Happy Memorial Day Weekend everyone.
Rick Corrente
The Taxpayers Mayor
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