Town Square

Allied Arts Low Rent Alternative Won't Work

Original post made by Common Sense, Portola Valley: Ladera, on Mar 18, 2007

It’s been suggested that rebuilding the revenues at the Allied Arts Guild will take time, and that one path to growth is to offer below market rents to artists. While below market costs offer an attractive incentive for struggling artists and art galleries, it ignores the reality that the Allied Arts complex is also in deep financial do-do. From what I’ve heard, they had cost overruns on the restoration of the site, have kicked out nearly all the tenants (thus eliminating any rental revenue), and are betting the ranch on becoming a destination meeting complex….in Menlo Park?

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