Apparently none of the merchants affected by the proposed rent increase on Swarthmore have yet signed a new lease as the controversy enters its 10th week. While the storeowners have declined to discuss specifics pending resolution of their lease negotiations, several said this week that a compromise is still being worked out with the landlord, Palisades Partners, over the proposed rent hikes’some as high as 60 percent. After meeting privately several weeks ago to discuss their options, the merchants hired an attorney to work through the details of the new lease and help in negotiations with the landlord.
This page is available to subscribers. Click here to sign in or get access.
