Posted on 02/14/2010 4:40:34 AM PST by TigerLikesRooster
Bee Exclusive: Region's shuttered stores tell a thousand stories
preese@sacbee.com
Published Sunday, Feb. 14, 2010
An empty shell occupies 9,500 addresses across the Sacramento region – one closed business for every six still open, according to a Bee analysis of U.S. Postal Service data.
That's more dormant businesses than in 17 entire states, including Utah, Arkansas and New Mexico.
You can see it on Madison Avenue in Fair Oaks, where Mike Castagnola is liquidating his party supply store, counting down the final days on a business with a 30-year run.
It's just as apparent on Lake Tahoe Boulevard, the main strip cutting through South Lake Tahoe, where James Dalton counts five vacant businesses within sight of his antiques shop – and plans to add his store to that number.
And it's vivid along Main Street in Woodland, where Jill Caunedo happily ran a bagel and coffee shop – until about two weeks ago.
"Thirty percent of all the businesses (on Main Street) are vacant," Caunedo said, adding that she is left to sell her former cafe's equipment for a quarter on the dollar.
(Excerpt) Read more at sacbee.com ...
P!
Thanks, Ah-nold !
DEPRESSION... but denial is a strong drug.
LLS
It will take 25-50 years for honest values to reset where commercial real estate has a decent ROI.
I am sure the NWO and others are working feverishly trying to come up with a new scam to create the next credit bubble.
Down town America has been killed off through the years by the strip mall build fest. All these strip malls now can no longer generate honest profits nor tax revenues.
The US is in the sh$t tank until we start making more of what we consume like we use to.
Harvesting and domestic refinement of domestic natural resources into consumable goods measures the true wealth of a nation, not a bunch of wishful thinking.
Tell the small bidnesses between the jerkenator and hopey changey some more taxes is just the cure for them.
Sacremento should be doing fairly well due to all the state workers there....Guess that’s not the case
Another thread today has Albany NY doing great. Malls packed due to all the state workers
“...one closed business for every six still open,
according to an analysis of U.S. Postal Service data...”
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I’m not sure how accurate a picture is obtained from that data.
Surely, there are many “closed” businesses that still have mail delivered to that address.
In addition, based on my own observations,
I believe this same story could be written about nearly any area of the U.S.
I see closed, abandoned, vacant, and boarded-up businesses everywhere I go.
Albany may be doing fine. The rest of Upstate looks like a ghost town.
Hey...stop shutting down your businesses. didn’t nobama say ther economy is “coming back”? you must be unpatriotic or something (racist?). nobama says to hire more people, take out loans from the government and vote for him.
Keyword in your post is “honest”
Plus there will be no more credit bubbles. You just saw the last ones.
We had these bubbles that generate fiat money wealth and excitement and good times in a desperate attempt to imitate what an honest economy does. Which is to produce in line with what you consume and to have average worker’s wages on a decent level. Which is how America was for most of its existence
It's coming back so well Upstate's fixing to lose a couple of House seats.
Damn greedy businessmen. All they want is money. Don’t they understand that they’re in business to provide all of us jobs, and pay the taxes so that we can run the programs that improve the lives of the poor (who were made that way by businesses)? Capitalism is evil. Look at the destruction it spreads. The debate is over. More socialism will make all of these ills go away.
Still, they can’t give up their base.
And their base is agriculture. Fruits and tomatoes and almonds and olives.
Not some four inch fish living in the bay.
Because all the great upsate industrial giants there have shrunk and down sized and sent jobs overseas
Kodak
General Electric
Corning
And many others
Small retail business on main street and in malls need those who labor at big corporate giants to keep them afloat
Retail businesses in Albany and Sacramento obviously depend on those who work for big bloated state governments to keep them afloat
“In the nation, this bill will provide 3.5 million jobs in the next two years,” said Klobuchar,
...“Ninety percent of them will be in the private sector,” she said. .
And you could easily replace the NY with CA.
Only one story, actually: TAXES ARE TOO HIGH!
Never in the million years would liberals acknowledge it. Especially Bay Area California liberals.
Right on the money (or lack thereof in this case).
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