They belong to corporations. The corporations don’t get tax breaks if the buildings aren’t used - but they still need to be paid for… which is a huge monetary outlay. Honestly, I don’t care what happens to them and neither should anyone else. Am I sorry that corporations, the SAME corporations fleecing the planet right now with profiteering, are losing money? Hardly. They made the rules - they bought the politicians to enforce the rules- they made their own mess.
Converting office space to living space strains infrastructure in ways not intended by the original intent of the buildings. They can’t put thirty apartments on a single floor of a high rise and have those residents use the same four bathrooms per floor that the offices had. Same with sewage. Same with electrical.
And I reiterate - as soon as the money is distributed to the “developers” - that money - OUR money - is gone… whether it is used for the purpose intended or not.
Keep in mind that trump is a ‘developer’. Do you really think if Biden gave trump “three billion dollars” that trump would use it for what it was intended? Or do you think he’d pocket most of it? And he is a typical ‘developer’ as far as ‘honesty’ is concerned.