This is an open letter to the Main Street landlords in Beacon.
Please take a moment to reflect on how your decisions affect this community. During the past few years, Beacon has seen a tremendous resurgence and growth in the real estate market. The housing market is at an all-time high, and many of the businesses in the city seem to be thriving.
Unfortunately, I have noticed a number of business owners pulling up stakes and moving to nearby communities. All too often the reason they are leaving is the same: as rents continue to increase, some entrepreneurs find it exceedingly difficult to succeed.
My main concern is that the almighty dollar has gotten in the way of what Beacon is — a small river city proud of its heritage. It is not Manhattan or Brooklyn or Westchester and never will be. Those who decide to establish a business here do so for various reasons, but obviously one important reason is location. To be a part of a growing economy in this flourishing community must be exhilarating. But then to have one’s dreams dashed because of out-of-control rents must be devastating.
Landlords, please don’t be the cause of this economic bubble bursting in Beacon. Yes, you own rental property to make money. That is well understood. But don’t allow the ability to make a financial killing get in the way of what is right and fair. A business leaving the city is not good for the city. And an empty storefront is not good for you.
Charles Dunn, Beacon