Category: Business Property

Business Property

Deal finally struck for businesses damaged by riot, but is it enough?

One year after rioting engulfed the Twin Cities, Minnesota legislators say they’ve finally struck a deal to provide some relief to business owners whose properties were damaged or destroyed in the chaos.

An agreement on the state budget for jobs and economic development will include $80 million for a new “Mainstreet revitalization program,” where businesses can apply for $2 million in loans and up to $750,000 in grants for building or rebuilding projects in areas of need.

The package also includes another $70 million for businesses rebounding from the COVID-19 pandemic. Businesses that were missed in two previous rounds of

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Business Property

Property Owned by RI DMV Administrator Raided by Police | Rhode Island News

PROVIDENCE, R.I. (AP) — The administrator of the Rhode Island Division of Motor Vehicles said he had no idea that a sex business was allegedly operating in a building he owns.

Cranston police raided the building owned by Walter “Bud” Craddock through his real estate holdings company following a months-long investigation into six properties where investigators suspect prostitution was taking police, according to a police affidavit.

Craddock told WPRI-TV that he knew there was a business but didn’t know about any illegal activities.

“I personally had never gotten any complaints, otherwise this would have been rectified a long time ago,”

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Business Property

Business owners find progress on crime fight in Fells Point

FELLS POINT FOR TWO STRAIGHT WEEKENDS CONTINUING TO LINGER OVER RESIDENTS AND BUSINESS OWNERS NEAR BROADWAY SQUARE THOSE OF US WHO AREORTU FNATE ENOUGH TO LIVE. HERE. WE AS I SAID WE WELCOME EVERYONE WE WANT THERTO BE ENFORCEMENT OF PUBLIC STATUTE THAT INSURED PUBLIC SAFETY THOUGH WHO LIVE AND WORK IN THE AREA SITTING WN WDOITH CITY OFFICIALS ON FRIDAY RAISING CONCERNS ABOUT POSSIBLE VIOLENCE. 12 POINT AND WHAT NEEDS TO HAPPEN TO ENSURE SAFETY? I FEEL THA ATLTHOUGH THE MEETING WAS ONLY AN HOUR LONG. I THINK TTHA WE MADE TREMENDOUS PROGRESS TOWARDS MAKING SEUR ATTH OUR ISSUES … Read More

Business Property

Property raided in prostitution sting owned by RI DMV administrator

PROVIDENCE, R.I. (WPRI) — R.I. Division of Motor Vehicles administrator Walter “Bud” Craddock, who formerly served 26 years as a Cranston police officer, owns one of six properties raided by police this week as part of a sweeping investigation into illegal prostitution operations.

Craddock through his real estate holdings company, LUC Realty Holdings LLC, owns 1732 Broad St. in Cranston, a mixed-use building located between Roger Williams Park and the Providence River.

Cranston police raided the building Thursday following a year-long investigation into at least six properties

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Business Property

Hundreds of Ohio Groups Argue Against Change to Affordable Housing Valuations

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COLUMBUS, Ohio – More than 300 Ohio groups and businesses are voicing opposition to a state budget amendment that would change how affordable housing properties are valued.

The measure, which was passed in the Senate version of the budget, calls for federally subsidized housing units to be appraised based on market value, without considering rent caps and occupancy restrictions.




Hal Keller, policy advisor with the Ohio Housing Council, explained that affordable housing developments tend to generate less income than market-rate housing.


“The impact would be

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Business Property

Minneapolis mayor highlights proposed small business investment

Mayor Jacob Frey held a news conference at Wendy’s House of Soul, outlining the federal dollars he wants to invest in small businesses and Black business owners.

MINNEAPOLIS — Minneapolis Mayor Jacob Frey is proposing an investment of $37 million in federal American Rescue Plan dollars to help the city’s small businesses.

The mayor held a news conference Thursday to announce his proposed spending plan on Thursday at Wendy’s House of Soul, joined by several local small business owners.

Frey said he wants to use that $37 million for new economic recovery investments, focused on small business support, investing in

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