clock menu more-arrow no yes mobile

Filed under:

Now That's Rent Control

Massachusetts is losing a lot of cabbage due to uncollected rent on prime property: "[T]hough it’s a private members-only organization, the 114-year-old Wollaston Yacht Club is located on state-owned property. ... Massachusetts leases this beachfront property to the Wollaston club for $5,000 a year—or barely more than $400 per month. Even so, six years ago the club said it was barely making ends meet and stopped paying its rent. The state did nothing and the debt kept piling up." [Herald]