Mope-rah - Economist
No idea what reality this hack lives in, but it must be full of all sort of heavy drugs (no links for Mope-y):
- It is hard to believe, but 75th Street, between Jeffery and Yates, was jumping in the ’80s. Today, when you drive through the area, you might see two or three stragglers. Outside of fast-food joints, there are more vacant storefronts than there are retail establishments.
The residents living in this part of the city take the desolation in stride. On Saturday mornings, they get in their cars or catch a bus to Hyde Park or the South Loop to enjoy the ambience that makes those other neighborhoods so attractive.
So you can imagine how excited they were when Mayor Rahm Emanuel announced he wants to turn some of the city’s blighted retail corridors into “Retail Thrive Zones.” The City Hall plan is to use $16 million from local tax-increment-financing districts to create jobs and provide shopping choices that would bring more pedestrian and automobile traffic.
The neighborhoods that would benefit from the mayor’s plan include Austin, Back of the Yards, Bronzeville, Chatham, Englewood, South Shore, West Humboldt Park and West Pullman.
Correct us if we're wrong - CVS just shut down what was essentially a brand new store in the middle of 011/012 because the store losses outnumbered the store operating expenses every single month since they opened. That tells us that there isn't a business in existence that is going to "thrive" in any sort of zone that includes portions of Austin, Back of the Yards, Bronzeville, Chatham, Englewood, South Shore, West Humboldt Park and West Pullman.
Labels: dumb ideas