Yes they are ineligible, just like business owners are. When we start opening things up maybe corporations would like a say as well, as if they don't already anyway. Think when Microsoft came they were silent or think the City was excited to have them and would have listened to their comments. Just saying businesses have major pull...
It's simple, you can't give a business owner a vote because you can't take away a residents vote ergo the business owner vote is captured in the resident vote. Sure, some owners live outside municipal boundaries that they operate in, but while I don't have data, I'd imagine the standard deviation to the outcome would be merely a rounding error.
How do you give owners of publicly traded companies a vote? Is it the franchise owner? The shareholders? WHERE DO YOU STOP!?