Quote:
Originally Posted by Laker14
I find your post interesting, and I can see it happening that way to a point. Is it possible that as the transformation towards apartments happens that a market will appear for more shops and restaurants?
I have no idea how many units of apartments might be created, but at some point those folks would love to have a nice square, with some food and music right in the neighborhood. Such a demand could turn into a pleasant equilibrium between local foot traffic and services. This could be a better working model going forward than what has been going on there lately. I'm not trying to be contentious, just suggesting that this could work out well for everyone.
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Increased population density will require more medical services - Doctors, Dentists and other professionals - more firefighters trained and equipped to fight fires in multiple stories of higher-rise apartments - more police. To offset those additional costs TV Land will be REQUIRED to cultivate diverse businesses there in SS. So, I believe that the square will have a commercial comeback if and when the apartments are successful and filled. Increased sales tax collection will be needed, so the square NEEDS to be a commercial success. One downside MAY (?) be a possible add-on sales tax? It must be hard for the developers to predict all the demographic trends and cross-currents that future predictons demand.