The Reagan White House moved to lower tax rates for developers in the 1980s and then years of low interest rates glutted downtowns with office buildings. Time's up.
Well, I live where there is terrible public transportation so everybody and their grandma has to drive everywhere and can tell you that’s a whole different ball game. Sure, maybe it’s cheap to drive where you are but here insurance is at least $300 per month per car, because since everyone is driving there are more accidents. So you may be getting subsidized by all the people who aren’t driving, basically.
Our downtown though has moved in the opposite direction, it was dead when I was in highschool, remember walking around there in the weekends looking at all the old empty buildings that used to be retail, we would explore it like it was historical ruins. But over time it’s come back and now many people living there & working there, restaurants and bars and little groceries, different from what it was, malls killed downtown retail then internet killed most of the the malls.
Well, I live where there is terrible public transportation so everybody and their grandma has to drive everywhere and can tell you that’s a whole different ball game. Sure, maybe it’s cheap to drive where you are but here insurance is at least $300 per month per car, because since everyone is driving there are more accidents. So you may be getting subsidized by all the people who aren’t driving, basically.
Our downtown though has moved in the opposite direction, it was dead when I was in highschool, remember walking around there in the weekends looking at all the old empty buildings that used to be retail, we would explore it like it was historical ruins. But over time it’s come back and now many people living there & working there, restaurants and bars and little groceries, different from what it was, malls killed downtown retail then internet killed most of the the malls.