Quote:
Originally Posted by ATXboom
Thats what it tells me as well. Downtown isn't relevant. The economy is somewhere else on the fringes. People need a reason to be downtown. Invest in the water front... make it appealing for millenials and younger then they will want to live downtown, then businesses will want to employ downtown.
|
I tend to think if you build it, they will come. People tend to value living in a walkable environment (not on a freeway exit), even in Little rock
My guess is that the capital just isn't there, and developers are simply not realizing that building on these lots is an option, one which could support higher returns than another complex at the west end of town. Market failure based on wrong assumptions