The Federal Trade Commission sued to block a proposed merger between the grocery giants, saying the $24.6 billion deal would eliminate competition and lead to higher prices.
that seems like anti competitive behavior, I wonder if those kinds of stipulations could be made illegal. Also a commercial vacancy tax probably wouldn’t hurt.
They are legal. This is/was Walmart’s M.O. for anticompetitive behavior when one of their stores closed. Any competitors couldn’t lease, other businesses failed when they moved and didn’t have the traffic, and so you are left with both an unoccupied eye sore as well as a food / product desert…
Good idea on the vacancy and potentially changing the law to prevent anti-competitive stipulations like that.
that seems like anti competitive behavior, I wonder if those kinds of stipulations could be made illegal. Also a commercial vacancy tax probably wouldn’t hurt.
They are legal. This is/was Walmart’s M.O. for anticompetitive behavior when one of their stores closed. Any competitors couldn’t lease, other businesses failed when they moved and didn’t have the traffic, and so you are left with both an unoccupied eye sore as well as a food / product desert…
Good idea on the vacancy and potentially changing the law to prevent anti-competitive stipulations like that.