[Stu from NYC]

Originally Posted by Number 10 GI

I've posted this before and I'll do it again. Community development agencies have done a lot or research into revitalizing down towns in cities and have found that to bring life back to downtown areas you need residents living there. I saw that happen in Nashville, TN when I was working downtown. A developer built a high rise apartment building right on the edge of downtown. Prior to this the majority of businesses there were restaurants and a few small shops that catered to the office workers with a lot of boarded up buildings. After the apartment building was built and occupied, a grocery store opened just a couple block from the apartments. Other businesses opened to cater to the apartment residents. In the downtown entertainment area new businesses opened and existing ones expanded their operations. In the last 8 or so years a lot of new apartment and condo buildings have been built and prior to the covid debacle the downtown scene in Nashville was booming. Without those apartment residents downtown, Nashville would still be a ghost town after 6:00 PM. If you haven't figured it out yet, maybe apartments will revitalize and save SS.

Question for all the community development experts, what are your ideas for the improvement of SS? Please don't even mention Katie Belles, that is a dead horse that has been beaten into a bloody pulp that will not be like the Phoenix and rise from the ashes. It was a failed business plan, get over it.

The office spaces on the second floor of these buildings are setting vacant and producing no revenue yet the owner has to pay property taxes and maintenance. What successful business allows potential revenue generating property to set idle and be a drain on corporate revenue? I'll help out here for those that don't have critical thinking skills, none that are operating in the black.

Three is a market price for everything. When real estate is vacant for a long period of time it tells me that they are charging more than the market will pay and if they want to rent out the space should lower their asking price.