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Land Bank wants $100K CDBG loan through Schenectady to rehab Prospect Street home | The Daily Gazette
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Inset: The home at 110 Prospect St. that the land bank wants to renovate.
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The City Council is expected to help provide the Capital Region Land Bank with the financial wherewithal to reimagine a blighted two-family residence that has been vacant for at least four years.
Toward the city’s ongoing effort to eradicate blight in the Eastern Avenue neighborhood, where 25 properties have been demolished, the council will vote on whether to authorize a $100,000 federal Community Development Block Grant loan for the Capital Region Land Bank to rehab 110 Prospect St.
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Subway is presenting franchisees with a tough choice: higher fees or a draconian new agreement.
The agreement lets Subway control hours, requires participation in deals, and bans criticism.
If franchisees don t want to sign, their royalties rise to 10%, up from an already high 8%.
Subway is forcing franchisees to choose between higher fees and a draconian new agreement, creating yet another conflict at the struggling chain.
In recent weeks, insiders have been buzzing about a new deal that Subway presented to franchisees at renewal time. The agreement is significantly stricter than the prior one, granting Subway control over hours of operation, requiring franchisees to participate in menu promotions, and banning negative comments about the company in any forum.