Main » 2012 » December » 28 » "Advertising things at the best place is proving to be a guild wars 2 gold income cow
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"Advertising things at the best place is proving to be a guild wars 2 gold income cow
"Advertising things at the best place is proving to be a income cow, as electronic ads earn about $23mn each year for an empty building at 1 Times Square - the iconic tourist destination in the New York City. A 25-story Manhattan workplace building that has lengthy been empty keeps on bringing in millions to its owner as a billboard. Michael Phillips, CEO of Atlanta-based Jamestown Properties, paid for 1 Times Square by means of a fund in 1997 for $117 million gw2 gold, as the Wall Street Journal reports. More than 100mn pedestrians pass by way of the square each year, which is 90% more than 16 years ago, says the Occasions Square Alliance, a non-profit business improvement organization. & this really is what makes a charge tag for having a organization's name placed on the building the highest in the world, even above such crowded tourist destinations as Piccadilly Circus in London. Dunkin' Brands Group Inc. pays $3.6mn a year for a Dunkin' Donuts digital sign on the One Occasions Square building, with Anheuser-Busch InBev paying an additional $3.4mn a year for its advertisement. Sony & News America pay $4mn a year for a shared sign." 
If he's making a profit anyway, why not rent or give the space to nearby community groups / corporations? 
The building would need extensive renovation for it to be suitable for use. 
Chief amongst these would be the addition of central air conditioning, however I would assume that a building that old would also want a fantastic deal of electrical & structural work, asbestos removal, and so on. 

At this time, the adverts bring in more revenue than rent would, so there is no reason to invest the gw2 gold money.
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reference:http://www.gw2gold.fr
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