Quote:
Originally Posted by EdwardTH
You're comparing a place that has very impoverished residents to a place that has mostly middle-class residents and attracts panhandlers seeking cash from those residents. The demographics have nothing in common. Do we seriously think a few retail vacancies are going to turn the village into a ghetto? Why? It seems like maybe you guys are somehow under the impression the village relies on scores of people from the rest of Wpg flocking to the village to shop there. It doesn't. The village is mostly self-sufficient, it's driven by the residential density that is established (and continues to grow) there. I'd love to know how a few empty storefronts is going to lead to thousands and thousands of middle- to high-end residential units to suddenly empty out.... The residents will still be there, with or without American Apparel.
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I don't think that's the point. The point was merely that it's possible for things to take a rapid turn for the worst. Osborne may not be on the verge of disaster, but it does have issues, namely that the health of the commercial and retail sector of the strip appears to be declining, and poorly conceived zoning laws continue to make it difficult to make new developments on the street viable.
Add that to landlords charging rents that tend to be on the "too high" end of the spectrum and an obvious disregard for streetscaping and it's no shock that some people are concerned. Osborne should easily be thriving and yet something seems to be holding it back...
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