Quote:
Originally Posted by SJPhillyBoy
As each new rendering of the Camden Waterfront development is updated and released, it just becomes less inspiring, more generic, down graded in design and really nothing exciting. Plus NJ is giving away hundreds of millions in corp welfare to move NJ companies just a few miles into Camden, creating no new economy for NJ.
Conner Strong, other firms propose $245 million move to Camden
Three prominent South Jersey firms planning move to Camden
http://www.philly.com/philly/news/new_je...orcross-Michaels-245-million-Camden.html
|
Try to imagine the negative impact Camden, in its depressed state, has had on all the surrounding communities.
That entire area of south jersey is losing population. Real estate values are declining or not performing to historical standards. Sprawling development and haphazardly placed businesses accelerated that phenomenon.
It is no surprise that commercial centers such as Moorestown Mall are suffering. Look at the enormous amount of retail that exists in the area considering the actual population that exists to support it. What a disaster.
That entire region needs to be reevaluated and restructured for more sustainable growth.
Synergies will develop with business concentration in Camden that will provide a refocus for that larger area.