Quote:
Originally Posted by WolselyMan
Competition can do one of two things: Kill you or make you stronger. Competition generally ends up with both parties becoming stronger from continual self improvement, but if it they get too unevenly matched, one just simply ends up swallowing the other.
Tell me what you would do in this situation if you were a small business owner looking to set up shop. Your first option is an area that has ample parking, and an already extremely high concentration of foot-going shoppers. The units are all completely new and have all the proper ventilation and utility requirements built in for you, without needing to tear down walls and punch holes through floors before its fit for you to open business. Your second option is a run down heritage building built in 190x and needs to be gutted out from the inside. On top of all the work for installing new floor boards, spaces for ventilation and doing all this work from your own pocket, you're rewarded with only a comparatively consistent trickle of foot traffic, inadequate parking and even the occasional crime scene here and there. Anybody who has ever given a thought to setting their business up in the east exchange will immediately change their minds if just a few blocks away there is a far more elegant alternative for where to locate their business in the area.
There should have been good things happening in the exchange 10 years ago, if we actually decided to give a damn and replicate the investment from all 3 levels of government that it took to lift the forks out of wasteland status. If both the exchange and the forks are national historical sites, why do we find it unnecessary to give the exchange the same level of attention? The money spent setting up railside and Parcel 4 for development could help pay for all of the renovation work on the heritage buildings and surrounding infrastructure that would otherwise be the burden of would be property owners. Don't you think a tweet with a proposal like that would be a better use of a public servant's time than one that would more likely than not delay any more good things from happening in the exchange for another 10 years?
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Your objection ignores that the government isn't fronting the money to develop railside. Developers will be taking on most of the risk.
If I'm a small business I'm going to take cost into the equation. Your lease in the exchange is gonna cost a lot less than at the forks market.
Plus, the exchange is getting investment, a fairly large amount of private dollars to be exact. The area is actually also getting government help too, lots of the road infrastructure is being renewed, which just adds to the money that was spent on stuff like OMS and soon the Market lands proposal. I don't see the doom and gloom for the exchange you're going on about. There are a few shoddy landlords, yes, but on balance the developments have been positive.
That said, I totally would agree with the premise that the city should do more to preserve buildings owned by people with the intent to demolish by neglect, up to and including expropriating them for disregarding the rules as regards heritage status structures.
So in total, could the exchange use more investment? Probably, but I don't think it won't succeed without more government intervention.