MTA cuts rent up to 90% for small businesses

The MTA board voted unanimously Wednesday to relieve rent for its small-business tenants at Grand Central Terminal. Under the move, which had been proposed earlier this month, qualifying businesses at Grand Central and all other Metropolitan Transportation Authority locations except the Fulton Street Transit Center will owe no rent for April through July, Crain’s reported. As of Aug. 1, rent will change to either 10 percent of a store’s gross sales or 10 percent of