By Melissa Rosequist | Your Valley
A new report issued by Scottsdale-based Elliot Pollack & Co. gives a no-holds-barred opinion of short-term rentals on Arizona’s community.
The February report, developed by Scottsdale-based Elliott D. Pollack & Co., was initiated to study secondary or indirect impacts of the short-term rental industry on cities and neighborhoods, with a particular focus on Arizona.
“During the course of the study, it became obvious that the so-called ‘unintended consequences’ of the STR industry, often directed by Airbnb, are actually direct attempts to undermine local land use control, health and safety regulations and tax collection all in an effort to maintain and grow revenues for this industry and, in the case of Airbnb, preserve its stock market valuation (currently more than Marriott and Hilton combined),” the report states.
