Comments on: Here’s the Mahony and Sons Lease http://ubcinsiders.ca/2012/08/heres-the-mahony-and-sons-lease/ Separating the wheat from the chaff. Wed, 13 Nov 2019 15:50:57 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Neal Yonson http://ubcinsiders.ca/2012/08/heres-the-mahony-and-sons-lease/comment-page-1/#comment-11150 Neal Yonson Mon, 20 Aug 2012 20:35:11 +0000 http://ubcinsiders.ca/?p=9321#comment-11150 Al Poettcker (head of UBC Properties Trust for non-hacks) told me that Royal Bank had exclusivity on banks in the area when they were there, but no longer have any exclusivity in Wesbrook Place, where they moved to. Don't think The Boulevard or Shopper's has anything. I'm sympathetic to Mahony's on the liquor-primary ban and they get full credit for choosing not to enforce it with the AMS. But the liquor store part is still dumb. Al Poettcker (head of UBC Properties Trust for non-hacks) told me that Royal Bank had exclusivity on banks in the area when they were there, but no longer have any exclusivity in Wesbrook Place, where they moved to. Don’t think The Boulevard or Shopper’s has anything.

I’m sympathetic to Mahony’s on the liquor-primary ban and they get full credit for choosing not to enforce it with the AMS. But the liquor store part is still dumb.

]]> By: F. Hydrant http://ubcinsiders.ca/2012/08/heres-the-mahony-and-sons-lease/comment-page-1/#comment-11149 F. Hydrant Mon, 20 Aug 2012 20:05:08 +0000 http://ubcinsiders.ca/?p=9321#comment-11149 Mahony's spent a couple million dollars fitting that place out, and their main competitors were a tax-exempt non-profit society and a tax-exempt university indirectly collecting 'taxes' from them. Ensuring that nothing to undercut them would be installed on the same block isn't an entirely unreasonable demand, and I expect other tenants in that building asked for similar restrictions. It just happened to have the minor side-effect that a contract with a private pub ended up dictating what could be done in a student building at the centre of a university. Oops. Mahony’s spent a couple million dollars fitting that place out, and their main competitors were a tax-exempt non-profit society and a tax-exempt university indirectly collecting ‘taxes’ from them. Ensuring that nothing to undercut them would be installed on the same block isn’t an entirely unreasonable demand, and I expect other tenants in that building asked for similar restrictions.

It just happened to have the minor side-effect that a contract with a private pub ended up dictating what could be done in a student building at the centre of a university. Oops.

]]> By: Brian Platt http://ubcinsiders.ca/2012/08/heres-the-mahony-and-sons-lease/comment-page-1/#comment-11148 Brian Platt Mon, 20 Aug 2012 19:13:39 +0000 http://ubcinsiders.ca/?p=9321#comment-11148 Great post. Any sense of why UBC PT felt the need to give them exclusivity? Did UBC get some benefit back from Mahoney's, or was that just what was required to get Mahoney's to open there in the first place? Great post. Any sense of why UBC PT felt the need to give them exclusivity? Did UBC get some benefit back from Mahoney’s, or was that just what was required to get Mahoney’s to open there in the first place?

]]>