Quote:
Originally Posted by kph06
I'd say the compensation is the expense the city is going to make this street a unique attraction.
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I don't have a crystal ball but based on similar transformations in other cities, and what Argyle used to be like, I think there is going to be a night-and-day improvement for the better. When it is all done I doubt many people will really pine for downtown Halifax circa 2004.
The media like to cast businesses as victims when it comes to construction but that view often doesn't make sense.
If you're a building owner, you're likely to eventually profit from improvements made to the area. If you're a tenant, you have some freedom to move around or you might be able to negotiate a lower rate from your landlord (if it really is so bad you will go out of business, they will want to keep you because renting out during construction is hard).
The complaints about rising market lease rates are similar. Businesses lock in their rates for years; the increases don't come out of nowhere. Sometimes you have to move.
I think a lot of the complaints are based on unrealistic expectations that developed during a long period of stagnation downtown.