Respectfully, I wholly disagree with this stance as a viable or supportive strategy to bring about long-term flourishing of our business corridor. I encourage you and others to consider these points and how our short-term positions must be different than our long term aspirations:
Dilapidated Infrastructure: Even before the pandemic, vacancies have outnumbered the businesses interested in occupying these spaces. The location where the Library plans to set up has been vacant for so long that it now requires significant investment to restore it to a usable condition. This investment will reduce future capital needs, making the space more attractive for future tenants, even if businesses cycle through.
Present Business Creates Future Opportunity: Businesses not only bear the cost of upgrading these spaces but also bring energy, foot traffic, and potential customers to the area. Their presence, even temporarily, mitigates issues like graffiti and other forms of blight, which deter investment. A vibrant business environment encourages other entrepreneurs to consider setting up shop.
Encouraging Density for Profitability: Business success is tied to foot traffic, which depends on population density. NHNA should prioritize supporting projects like high-quality multi-family housing, such as the development planned at Silver/Wellesley, in addition to hotels and other businesses that drive traffic to the area. More people = increased patronage and long-term viability for businesses.
Sincerely,
Drew
3716 Arlote Ave SE