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In Bayonne NJ there are so many Store For Rent stores in the downtown. And the strip malls are empty.
Any hope for America's economy? any signs it will improve and businesses will develop?
What is stymieing the process exactly?
The sizing down of indoor malls was predicted 5 or 10 years ago; every single one I know of is suffering. The treand is building smaller malls, outside, more attractive and with more specialty shopping and less run of the mill, national chains. The trend is also away from downtown shopping (again this has been in the making for years) the recession rushed the process up. The same holds true with super markets: yes, we still have the addition of Wal-Marts but they are going smaller, as well. Many large chains are closing stores or opening new ones at a slower pace as people depend on warehouse shopping like Cosco and Sams or they prefer smaller, independent stores, either totally independent or very small chains. We can see this with the restaurant business as well. The, used to be very popular TGIF and Bennigans are giving way to smaller chains or independent restaurants. Trends change all the time, how we shopped in 1960 and now are 2 totally different things.
My answer was non-partisan. There is a political group out there that is intent in the systematic transfer of wealth from the bottom to the top. This is fact and it's in every single piece of leglislation they propose. That party is the republican party.
Answer this.
If you cut social security by raising the retirement age to 69, and you use that savings to cut the capital gains tax to 0% or the inheritance tax to 0%. How is that not a transfer of wealth from the bottom to the top? It's, by definition, taking money from poor seniors and giving the money to wall street hedge fund managers and the walton family.
It was very political and you know it. This tread has nothing to do with raising retirement to 69 or taxes period.
yes, the net is another consideration. Most people I know depend on the net for so much. Either they are seniors who prefer not to fight crowds or do not like driving more than is necessary or they are working families that enjoy the convenience of the net. Just the other day Hubby and I saw something we were interested in purchasing. I said to him, let me check the net first. As it turned out, the price we saw her was better.
I will add, most of our malls (which are small and outdoors) are doing just fine. Sure, we have restaurants that are not able to survive and a few shops, but those newer outdoor, small malls are doing very well.
What about the half empty strip malls where they are building another strip mall across the street. Don't any of these developers ever plan ahead?
Re: strip malls
The cities and inner-ring suburbs that will be the foundation of the recovery require significant investment at a time of government retrenchment. Bus and light-rail systems, bike lanes and pedestrian improvements — what traffic engineers dismissively call “alternative transportation” — are vital. So is the repair of infrastructure like roads and bridges. Places as diverse as Los Angeles, Phoenix, Salt Lake City, Dallas, Charlotte, Denver and Washington have recently voted to pay for “alternative transportation,” mindful of the dividends to be reaped. As Congress works to reauthorize highway and transit legislation, it must give metropolitan areas greater flexibility for financing transportation, rather than mandating that the vast bulk of the money can be used only for roads.
For too long, we over-invested in the wrong places. Those retail centers and subdivisions will never be worth what they cost to build. We have to stop throwing good money after bad. It is time to instead build what the market wants: mixed-income, walkable cities and suburbs that will support the knowledge economy, promote environmental sustainability and create jobs.
Infrastructure is lacking in many "fringe suburbs"
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