Sg9018 Member Username: Sg9018
Post Number: 267 Registered: 10-2006
| Posted on Sunday, February 08, 2009 - 1:52 pm: | |
Today's Free Press looks at the up's and down's of Downtown revitalization though these hard times. http://www.freep.com/article/2 0090208/BUSINESS04/902080374 |
Detroitrise Member Username: Detroitrise
Post Number: 3789 Registered: 09-2007
| Posted on Sunday, February 08, 2009 - 1:58 pm: | |
quote:Economy halts downtown Detroit's revitalization No kidding!? I hope the economy recovers soon. I would hate to see all of our hard work go down the drain. We've lost over half of our retail along Woodward. |
401don Member Username: 401don
Post Number: 925 Registered: 11-2007
| Posted on Sunday, February 08, 2009 - 7:23 pm: | |
You have to admire the few businesses that did open along Woodward but I wonder if any of them were close to sustaining profitability before the downturn. As we've discussed many times, the conditions have not been right for most types of retail on Woodward even prior to the economy tanking. |
Crumbled_pavement Member Username: Crumbled_pavement
Post Number: 676 Registered: 08-2007
| Posted on Sunday, February 08, 2009 - 7:58 pm: | |
DR, I don't think we will be seeing a replacement of that retail anytime soon. Problem is not only is Detroit a one horse town, but that horse is obese with a bad heart condition and is galloping on 1.5 legs. We need some young ponies to come along (not one, but like maybe 5 - 10) to carry the weight that old broken down horse used to carry. |