Leo’s “Million Dollar” Studio May Soon Be Priced Beyond His Reach

Update: Leo has now confirmed he is losing the studio.

Major, major props to the reader who sent this #scoup in. This slipped by the editorial board and regulars in our chatroom, but it was sent in as a tip. Please continue to send in tips to keep the site full of great news.

Leo flips off the audience
Right back at ya.
Leo “Dick Pic” Laporte can’t stop showing his private chats and other information on the screen. He has no self control. Here’s another in a long line of “whoops” and “oops”.

We first reported on TWiT’s lease information when the building was put up for sale. Take a look at the raw PDF (bottom of page 4) for the details. The original lease expired 3/31/2015 and was renewed. The information in the PDF shows it’s at $1.50 per square foot.

Lease Expiration Monthly Lease Amount
3/31/2015 $13,160
3/31/2016 $14,100
3/31/2017 FMV $???

We now have new information, courtesy of the CeHO, from a Google Hangout #Soup was so kind to display for us.

Our transcript (possible errors)

“… restaurant “The Patio” who is buying the building. Warren just responded that he cannot extend us beyond a year next year because of the LOI. The realtor said they would be interested in extending us beyond a year but we will be paying for the basement. Let’s see if the deal goes through.”

Lease Expiration Monthly Lease Amount
3/31/2018 FMV + Basement Rent $$$$ ???

Hilton A. Goring is wondering if he should still come in to work tomorrow.
Hilton A. Goring is wondering if he should still come in to work tomorrow.
So we now know that if they extend their lease again, they will be paying fair market value in addition to paying for their very large basement they use for the business. This might come close to doubling their square footage. Might this more than double their rent with fair market value plus the large amount of extra square footage?

One of our editors previously made a video of Leo’s terrible fears that the Shithouse might soon have to close.

Video discussing the restaurant moving in

Cropped image #Soup displayed

Help us transcribe if you think we made mistakes.
Help us transcribe if you think we made mistakes.

Raw video

This is here because Leo “Dick Pic” Laporte accuses Total Drama of “photoshopping” as if we’d ever need to.

71 thoughts on “Leo’s “Million Dollar” Studio May Soon Be Priced Beyond His Reach”

      1. The author of the article owns the site. His pattern is using names of people from TWiT as pen names. Click contributors and see Mike Elgum/effendunn/JasonNell/ the newjeffjarvis. This post is a week old he moved to the top.

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      1. “*Everyone* always complains about his shit?”
        A person can say that here. Without fear.
        HW does not depend on us to spoon feed him answers to keep his outdated podcasts alive.

        Not everyone always complains.
        Fuck off dick smoker

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    1. I really hope this is true. His posts are somewhat toned down, less of the attacks on appearance, etc. but he still comes across as mentally unstable and all credibility is lost.

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    1. Typically – in commercial and light industrial – basement s.f. especially when not enjoyed as office space and used mainly for storage – even if some of the storage is data, is 50 to 75% less than the s.f cost of the main rentable spaces in most Light Commercial buildings. TWiT is Light Commercial, it is not Retail – if it were, the s.f would be at least 25.00 to 50.00 oer s.f TWiT is getting their space for a fucking steal – $1.50 per.sf.? The basement shouldnt be more then $.75 per s.f. – nowhere near double, iow.

      Also, the basement has been declared ‘non-rentable’/’non-enjoyable’ (pick your term) by the Fire Marshall, I highly doubt any owner will be legally allowed to charge anything for the basement use other than metal/glass storage use.

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    1. Curious? Nah, who hasn’t suspected Kuntsmell of shady accounting leading to the Laportes’ sudden rise in living standards?

      If anyone (IRS) should ask, she can say it’s because she sucks ass as an accountant. Univercity of Phoenix (not actually in Phoenix) 4 LIFE.

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      1. Actually the University of Phoenix is indeed in Phoenix and started here. They have about half a dozen campuses around the state with most of them within Metro Phx.

        Their parent company Apollo Group is here too. BTW yeah, they’re corrupt as hell but what private college isn’t? Still, it’s not a diploma mill from the education side but is from the $$$$ side.

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        1. I know it started in Phoenix, but I assumed she did correspondence as that’s what they’re famous for.

          Personally I don’t get the point of a college that accepts every single last applicant. Not unless you’re training for the trades or something where you’re getting specific tasks taught to you.

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          1. It’s the same reason, $$$ motivates schools that’s why they take everyone, just like former twit employees crawling around under the big boys desk waiting to blow him. $$$. Again those former employees have payments, families and obligations.. I may be too harsh I seem to be that way with the morally bankrupt.

            The master puppeteer is still very skilled.

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          2. Maybe that’s what they’re famous for now but it isn’t what they were famous for back in the late 90’s. In fact they were just getting that whole online thing going. which was always kind of suspect to me. Toward the end they were trying to shove the regular classes into the online programs but charge the same money for the course.
            I wouldn’t paint all private universities with such a broad brush though. Yeah, I don’t think there should be a profit motive in education or medicine, seems amoral to me kind of like Leo. But the reason I and many others went there wasn’t because we couldn’t get into a regular college, in fact I started at ASU. Regular college schedules made it impossible to have a full time job and still go to school. That and back then the courses weren’t as targeted making you go through 3 years before you even started on your major and by then the info you got was obsolete.

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          1. No, not when it is bought with company funds, you cannot – UNLESS you hire your family members as employees (not contractors), THEN it IS legal.

            Every member of Leo’s immedidate family is a TWiT employee, and he has admitted as much, with the possible exception of Mike, due his age.

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  1. Basement is about the same square footage. Leo previously said the owners couldn’t charge rent for it previously because the ceilings were too low according to business code to include it.

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  2. Did Alex Lindsay ( Chief Architect/Chief Executive Officer ) of Pixel Corps mention anything because they share a part of the building ? Odd is that he moved back to Pennsylvania.

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  3. Thats kinda screwed up if then been there over 5 years now and havn’t paid for the basement and all of a sudden they have to pay probably a larger amount for something for years they never had to pay for.

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    1. They wont and cant be charged, UNLESS the new owners decide to install sprinklers, then , oops, they can be charged even more than premium storage rental! I didnt see that before. The only thing keeping the base,tn from being rent-able was the non-existence and expense of sprinklers, that TWit was not willing to pay for. So IF the new owners want to charge TWaT more than mere storage for the basement, THE NEW OWNERS must install the sprinklers. (of course what idiot wouldnt build that charge into the new higher rent?)

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  4. A buck fifty a square foot? WTF! That’s cheap! I guess TWIT is used to not paying for anything. When I had a computer store back in 06 we were paying $26 a square foot for a space in a strip mall behind an AM/PM!

    Anyway, Leo can lie all he wants but I saw the footage real time. DickPic was there. Then during TWIT pre-show he was asking one of his guests about damage control because that was the business the guy was in.

    The Internet never forgets!

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  5. When they moved in , part of the basement was going to be a maker-space. ( never happened )
    Pader has still a chance for a little while to make it his Drone Imperium

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  6. I knew it, the bitch is shady. just like Leo. She knows how to play the business system. Aren’t transactions over 10K tracked or checked? I’m not in finance, but I remember hearing that somewhere. It would be different if they were growing and hiring more people but they aren’t. I hope they do have to pay for the basement. They probably store all of Leo’s toys that he buys and does nothing with. Maybe it will curve his gadget buying…not.

    I’m sorry but if you make as much as Leo, there should be no reason to be cheap. The only things he isn’t cheap on are his gold digging whore, his gadgets, his lifestyle, his food. See a pattern here, if it directly doesn’t benefit him he is a cheap ass. That’s why he won’t buy set computers, cause he’s cheap and lazy.

    I hope they do have to move out of that shit hole, this way they have to pay real expenses.

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      1. All deposits are monitored. Ones aver 10k require paperwork. The IRS and the FBI will nail your ass if you do a lot of just sub of 10k stuff . Its technically not a crime buts its a great way to get put under a microscope. Also to deal with civil forfeiture crap.

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  7. I’m a commercial property lawyer. Nothing you’ve said in this piece matters, is relevant, is insightful or suggests anything unusual. Try harder ass face.

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    1. I’ve known a lot of lawyers in my time, some of them in commercial litigation and real estate practice. I can tell you none of them get very excited over a post on a website unrelated to their own practice. If you’re truly a lawyer you’re likely a new associate. Partners don’t have time for this kind of thing.

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  8. I brought the universe into this world and I can take it out. I also have a lawyering license. Leo Laporte is a piece of shit.

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  9. Things I hope:

    1) Leo gets eaten by an alligator while on vacation.
    2) Lisa takes over and has her son, Michael, broadcast podcasts 24 hours a day from the hot tub.

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    1. Big Jim,
      Both are noble ideas. Leo is no longer relevant to tech.
      He hasn’t been for years. He’s the old worthless Radio Shack TRS-80 of today. He’s leaving very slowly one forkful at a time.

      I do hope he eats well on vacation.

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  10. hi guys,
    I’m new to this (and it’s fairly amusing!). Could somebody tell me where all this talk of declining revenues and financial woes Cokes from? I’m genuinely fascinated. I don’t get sense they’re doing that well as he seems to get through loads of people and does some stupid things but have actual figures been revealed ? Thanks !

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