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And yet a brochure seen by the Guardian suggests Renewal's 50% owners Incorporated Holdings Limited (IHL) has been making active efforts to sell its access to the development.
By the time the concert hall's committee of owners incorporated three designated ground-floor retail components -- a cafe, a gift store and a high-end restaurant -- it was too late for Mr. Gehry to take on the extra design and construction unless the committee was willing to pay a sizable premium for his services.
Refurbishing an old pharmacy, the owners incorporated the original oak woodwork into beautiful shelves and cases.
During renovations, the current owners incorporated what had been the caretaker's apartment into the house, which is where the kitchen, formal dining room and den are now located.
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Armed with that protection and less financial exposure, owners of incorporated businesses tend to venture into larger and riskier investments than their unincorporated counterparts.
Proprietor's income is the money earned by business owners, including incorporated businesses, partnerships and sole proprietor-ships.
Instead, they differentiated between two types of self-employed business owners: owners of incorporated businesses and owners of unincorporated businesses.
In 2013, the BVI's financial services commission discovered that the beneficial owner of Pan World Investments, incorporated by the company, was Alaa Mubarak, the son of Egypt's ousted president Hosni Mubarak.
The analysis also revealed that incorporated business owners had higher salaries before they became entrepreneurs than unincorporated owners who typically held lower paying jobs.
"We found that over time incorporated business owners are more likely to describe themselves as "entrepreneurs" than unincorporated business owners," says Levine.
But he said he could not estimate the number of waterfront property owners in Long Island's incorporated villages.
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