The Future of Danville, Il??????? (Casey: real estate, apartment, closing)

[apartmentoffernow]

Hello,

My name is Casey Cavell and I am a real estate investor looking to invest in Danville's commercial real estate. I have researched the demographics and history of Danville and have some questions. I am hoping some of you can shed some light on the subject. I notice that the population of the city steadily decreased in the last ten years. Can anyone share some contributions for this trend?



How is Danville's industry changing to meet economic current economic needs? Your personal opinions and professional observations will help me greatly. If there are any other perspectives or your personal knowledge I should take into account I would appreciate the advice.


Casey Cavell
President
3C Investing, LLC
Apartment Offer Now

[midwest to south]

I have lived in Danville for 58 years. What do you want to know? It has had good years and bad years, just like other areas across the states.

Ask me what ever you want.

[meatpuff]

Originally Posted by apartmentoffernow

Hello,

My name is Casey Cavell and I am a real estate investor looking to invest in Danville's commercial real estate. I have researched the demographics and history of Danville and have some questions. I am hoping some of you can shed some light on the subject. I notice that the population of the city steadily decreased in the last ten years. Can anyone share some contributions for this trend?

Deindustrialization primarily. The industries that Danville relied on are in decline, and the firms that provided jobs in Danville have been steadily closing up for years, with nothing stepping in to fill the void. Plus of course some people unconnected to these industries are moving to outlying areas as the loss of jobs and income make the city less pleasant to live in. These account for the population loss.

Originally Posted by apartmentoffernow

How is Danville's industry changing to meet economic current economic needs? Your personal opinions and professional observations will help me greatly. If there are any other perspectives or your personal knowledge I should take into account I would appreciate the advice.

It's not, that I'm aware of. Danville is going through a very tough time right now. With the economic downturn, there is news out of Danville monthly about another plant that closed or is temporarily laying off workers. I'm not aware of any other type of employer or institution that is expected to step up in a major way and fill the gap. There are other affordable areas to live nearby, so some people are leaving. The costs of living and doing business in Danville are low so you have to expect manufacturing to start to move back into Danville when conditions improve. There are some government jobs to provide some stability, but otherwise manufacturing and other low-tech industry are the primary game in town. These are getting mauled right now, so Danville is facing some tough times relative to its neighbors.

[midwest to south]

meatpuff is exactly correct in his anaylsis of the Danville situation. We are all concerned. I do believe there are enough icitizens in the town who truly care, that we will find a solution. I only hope it is in time.
Now I add that we were just moved to the south because of a plant closing. But we will be back! Our hearts are still in the midwest.