Matt wrote:Why would Inbev gift real estate that's worth several million if they are cash poor?
Two reasons:
1) I would suggest it is highly unlikely it is worth "several million".
2) Even if it were, a unique property like this could take years to sell, even in a good market.
So it's easier and faster to donate and take the deduction.
Matt wrote:Giving it to the city could be disastrous. Much of the interior decor is valuable and stands a good chance of being pilfered.
A possibility.
Matt wrote:The neighborhood is thriving and the Mill located on a busy street. The primary issue with Bevo has always been with the operators. The food has been simply awful.
If a decent restaurant was located there, the place would be a red hot destination. It also needs a basic marketing plan and advertising budget. And I don't mean advertising in the Journals. Theres no reason why it can't attract tourists like other destination restaurants. The place is authentic (it has a real story), historic, and amazing.
I suspect it is quite expensive to maintain and run. You would need a lot of volume.










