John - what I am saying is that starting a business - a retail establishment - is tough even in good times. In times like these, where discretionary spending is declining (to put it mildly) I feel it is going to be next to impossible to attract new businesses that have the product and the wherewithal and the expertise to make it in the marketplace, to this burg. I hope I'm wrong and it becomes chock full of great joints or whatever - and I'll patronize them. But I don't ant to see the Village spend a million bucks of tax money in that quest. We've had the "if you build it they will come" years, thank you. The Village can't take any more. I just am of the opinion we should just sit tight and keep it clean and tidy (tidier?) but not launch any costly initiatives to attract losers. I say that because I think we will just not be successful NOW and end up with a depleted exchequer.
I think this is a place where we give vent to our opinions, right? Well that's mine. I was right about the VC back then but the Board saw fit to give those variances, subsidies, etc. And what have we got? Ditto on the Arcade. It's nice "happy talk" to say we'll turn Burlington into the Garden of Eden or Market Square or whatever, but it's just not real. And it costs a lot. NOW is not the time to pursue that. We can't burn our oars to keep warm or we'll never get to shore.
We should take care of what we have, not bite off more than we can chew, and persevere. This is a time for tenacity. And obviously some people's eyes were bigger than their wallets, and have had to fold - which drags down everyone a little bit. Take a look at where credit card defaults are going, factor in over 10% unemployment, and if you aren't Pollyanna you'll see a ticking time bomb. People are going to discover - the hard way - that taking out equity loans doesn't work when you are jobless and have $35K on the credit cards. We must not let the Village government fall into the same trap.
Posted Tuesday Jun 23, 2009 20:05
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