What are renters and landlords doing when rent is due on April 1? One LA City Councilman is fighting for a rent freeze. Also, big chain movie theaters may have deep enough pockets to close for now, but smaller theaters are struggling.
Renters and theaters during COVID-19
From this Episode:
Hemorrhaging up to $30,000/week. Will theaters survive coronavirus?
Greg Laemmle, owner of the Laemmle chain of theaters, says his eight theaters are hurting: “We're hemorrhaging ... probably in the order of $20,000 - $30,000 a week, plus.”...
7 min, 41 sec
Freeze rent and mortgage payments until Angelenos work again, urges Councilman David Ryu
The COVID-19 outbreak has led to lost jobs for many people in LA. They may not be able to pay rent. How are they and their landlords dealing with that possibility?
10 min, 39 sec