City Council Members Dan Garodnick and Helen Rosenthal have been doggedly pushing a bill that if passed would give some relief to many of the Manhattan retailers who are forced to pay Commercial Rent Tax. The tax, they’ve argued, is discriminatory as it punishes retailers and restaurants for the crime of doing business below 96th Street and above Chambers. We have to say, we agree it’s obviously unfair, and we hope the legislation doesn’t face any obstacles in getting signed.
However, as any Manhattan storefronter can attest to, taxes are just the tip of the iceberg. Amazon is an ever-present competitor and the rent is too damn high with commercial tenants not having much in the way of bargaining power when it’s lease renewal time.
Rosenthal, following the press conference that was held for the CRT bill, said the Small Business Jobs Survival Act, which is aimed at giving business owners an automatic ten-year lease renewal, is being looked at by the council’s counsel. The legislation has been languishing for decades though recently it has gained steam as neighbors have grown weary of seeing their local small businesses get pushed out by chains.