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re: NYC brick-and-mortar retail may be dead - up to 50% may not reopen

Posted on 9/26/20 at 9:15 pm to
Posted by Purple Spoon
Hoth
Member since Feb 2005
17819 posts
Posted on 9/26/20 at 9:15 pm to
quote:

out of fear of contracting the virus


Yeah that was it.
Posted by Texas Ram
Member since Sep 2020
1120 posts
Posted on 9/26/20 at 9:35 pm to
Don't come to Texas
Posted by Redbone
my castle
Member since Sep 2012
18841 posts
Posted on 9/26/20 at 9:46 pm to
quote:


Pandemic + lax law enforcement is the formula for retail disaster. Sad to see this happen to a once great city.


Try over taxing, total mishandling of the Pandemic and handcuffing law enforcement.

All 3 problems can be traced right to politicians with emphasis on existing mayor.

DeBlasio, who would have thought they could elect somebody worse than Doomberg!
Posted by Yellerhammer5
Member since Oct 2012
10851 posts
Posted on 9/26/20 at 9:59 pm to
quote:

Sbarro's


When I’m in town, I always stop by for a New York slice.
Posted by GurleyGirl
Georgia
Member since Nov 2015
13164 posts
Posted on 9/26/20 at 10:52 pm to
Liberal progressive idiots reaping what they have sowed.
Posted by SoFla Tideroller
South Florida
Member since Apr 2010
30106 posts
Posted on 9/26/20 at 11:02 pm to
A lot of corporations kept branches open in NYC as a vanity presence. The overpriced rent and excessive taxation made those locations perennial money losers. Those corporations will not return.
Posted by busbeepbeep
When will then be now?
Member since Jan 2004
18349 posts
Posted on 9/26/20 at 11:08 pm to
quote:

Istanbul was once the most important city in the entire western hemisphere.
wat?
Posted by teke184
Zachary, LA
Member since Jan 2007
95428 posts
Posted on 9/27/20 at 12:14 am to
NYC will remain important due to its location, deep water ports, and existing infrastructure for shipping and transportation. Much like New Orleans.

But it won’t necessarily remain important as a massive cultural center or the largest city in the country if people abandon it and a lot of the things that drew people there, such as Broadway, either no longer exist or are seriously scaled back.


As of this second, NYC has all of the costs associated with living there, plus high crime, but most things which are perks for living there like the arts and the restaurant scene are on hiatus or closed completely.

Combine that with jobs getting more mobile, no longer requiring you to live in a massive city to get work or be paid well, and you will see NYC regress.


They can staunch the bleeding but it involved DeBlasio to stop fricking up and to get with Cuomo to come up with some solutions to keep high earners from bailing.
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 9/27/20 at 2:33 am to
quote:

Liberals will move to the suburbs and frick that up too. Pieces of shite.



Exactly

Anyone that has ever lived there should be banned from voting ever again

Supreme Court take it up
Posted by Mo Jeaux
Member since Aug 2008
58733 posts
Posted on 9/27/20 at 4:25 am to
quote:

Anyone that has ever lived there should be banned from voting ever again


You mean like the President?

You’re a fricktard.
Posted by cable
Member since Oct 2018
9646 posts
Posted on 9/27/20 at 4:29 am to
Huh?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51609 posts
Posted on 9/27/20 at 8:12 am to
quote:

Pandemic + lax law enforcement is the formula for retail disaster. Sad to see this happen to a once great city.



The second tier of the issue is that property owners got greedy, especially in Manhattan. When a small business owner is having to shell out $20+k/month for their lease, something will eventually give. The same thing can be said for a 1,200sqft abandoned shack costing over $1M (see: San Fran).

Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119144 posts
Posted on 9/27/20 at 8:35 am to
Stop electing liberals that love tax increases
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 9/27/20 at 11:23 am to
quote:

A lot of corporations kept branches open in NYC as a vanity presence. The overpriced rent and excessive taxation made those locations perennial money losers. Those corporations will not return.


Not just New York.

GAP just closed their Flagship store in San Francisco.

B&M retail is on the margins everywhere, and having to deal with

- urban flight
- insane rent
- riots and looting
- $15+/hr minimum wage (and rising)
- insane regulatory burden

is already a massive cost sink. Now add in the unpredictability that mayors or governors can shut you down for a month by executive fiat, and I don't know how anyone operates a business in such a climate.
Posted by tigercross
Member since Feb 2008
4918 posts
Posted on 9/28/20 at 9:27 am to
quote:

Istanbul was once the most important city in the entire western hemisphere.


Lol. Istanbul isn't in the western hemisphere.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
17001 posts
Posted on 9/28/20 at 10:11 am to
No big deal.

Just crush the economy and take all small businesses out.

Google and Amazon are about to own everything
Posted by TexasTiger08
Member since Oct 2006
25527 posts
Posted on 9/28/20 at 10:29 am to
quote:

But it won’t necessarily remain important as a massive cultural center or the largest city in the country if people abandon it and a lot of the things that drew people there, such as Broadway, either no longer exist or are seriously scaled back.


It will remain the largest city in the country. It’s damn near 3 times the size of the second largest in terms of city proper. It’s not going anywhere.

Broadway isn’t leaving. That’s not some industry that is going remote. There will always be a demand for live entertainment that gets you out of the house. Is the NFL dying? Sports in general?

Local and state governments have fricked NYC for a good while, but there’s too much money floating around to let the city rot. Eventually, when this is done, some smart businessmen will swoop in and buy apartments and vacant buildings for dirt cheap prices, lower the rent a bit, and allow business/people to return. It’s a cycle. It happens often. Look at the gentrification of inner cities.

The difference is nobody will need to bring a wrecking ball into NYC to fix it.
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