Clearwater's Skyrocketing Retail Vacancies

On November 1st I shot this video to show how bad the business climate is becoming in Clearwater. The skyrocketing retail vacancies there are creating some serious problems for the city's tax base. The vacancies are also having a negative impact on the city's tourism. Please subscribe to my channel and forward this video to your contacts. Thanks for watching!

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Category:

News & Politics

Tags:

• Clearwater
• Pinellas county
• St. Petersburg
• business
• retail
• depression
• economics

[popcur]

Simon Properties offers General Growth $10B buyout

[johnu78]

Was that in today's news?

[popcur]

Yes, I found it first on Yahoo's local news link. I live in Chicago.

[johnu78]

Thank you for posting that. :o)

[RenadTreeInElgana]

You look nice in the video

[johnu78]

Thank you very much, I appreciate that. Take care, John

[johneboy1970]

Youre right on target here, Johnu78; well done.

Im local, and Ive noticed this same pattern all throughout Pinellas County over the last couple of years. I hope you dont mind, but Ive embedded this video on my blog as well.

Although flea markets and small vendors are a great alternative, Ive the feeling that the clutching hand of government will see that as a potential alternative to lost taxes collected on commercial structures and simply over-tax them right out of business.

[spanishlake]

This reminds me of Russia in the 1990's. You had lots of "flea markets" all over the place and, even sadder, you had lots of people who couldn't even afford that and sold their goods right on the streets or near the metro stations. If this happens then you will see a big rebirth of the "Black Hand" type of mafia where a local gang with guns takes a share of the money from the retailers as protection, sort of like Chicago in the 1920's.

It's back to the future in the USA.

[Bradlee883]

Thanks for sharing. It is like that, with commercial real estate, in a lot of places.

... and it is only going to get worse. In coming years expect to see more malls, hotels, office space, and retail vacating.

This is because of changes in the way we do business, thanks to the internet.

We need to remember that how well our economy is doing and how well commercial real estate is doing, are NOT the same thing.

In the future when our economy recovers, I doubt those areas will.

[Bradlee883]

Thanks for sharing. It is like that, with commercial real estate, in a lot of places.

... and it is only going to get worse. In coming years expect to see more malls, hotels, office space, and retail vacating.

This is because of changes in the way we do business, thanks to the internet.

We need to remember that how well our economy is doing and how well commercial real estate is doing, are NOT the same thing.

In the future when our economy recovers, I doubt those areas will.