Richard A. Ciccarone of Merritt Research Services, an Investortools company, was recently quoted in The Bond Buyer about the growing vacancies in commercial real estate and the implications for local municipalities. Richard was one of the first to ring the warning bells on this issue and the underlying vulnerability that municipalities’ are exposed to due to an over-reliance on top taxpayers in his report “Tracking Municipalities’ Reliance on Top Taxpayers: Exploring Commercial Real Estate Positions in 33 Major U.S. Cities.”
Read the full Bond Buyer article here: “Commercial real estate decline will cause pain in city budgets”
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