Quote:
Originally Posted by eric cantona
that was a shit retail location. time will tell if it will remain a shit location after the remodel. also - look at retail @ other MAX stops. not a harbinger of massive sales, for sure.
subsidies may have been the only way to lease it.
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Was The Real Mother Goose subsidized? They were there for many years, and that was before the upgrade of a rehab that should make the space more valuable, not less.
Quote:
Originally Posted by urbanlife
Prosper is reducing rents to encourage minority business owners to open up businesses in their spaces.
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I understand that, but as the article points out, Compound is receiving subsidies to move out of an area that needs subsidies to bring businesses in.
Maybe it's just bad luck that the subsidized rent downtown is going to a business that was bringing life to Old Town, which needs help far more than downtown does.
Don't get me wrong... I live downtown. I love downtown. I'm always glad to see businesses that will bring foot traffic open up downtown. It's just sad to see Old Town losing a business that's needed far more there.
Eventually, I have to believe Old Town will become a booming neighborhood. I honestly thought it was going to happen over a decade ago, even before Uwajimaya became a possibility (which obviously didn't happen). That part of town has so much potential, but it desperately needs development and some catalyst businesses. They're losing one.
Oh well.