Which is more likely? Those businesses will go into great debt and sacrifice to rebuild in the same area?
Or they'll depart to "greener" pastures where the local government supports them and they can turn a profit?
Yep. We do quite a bit of work with a company based in downtown Portland.
Right after the George Floyd stuff exploded nationwide, the CEO there sent out a long, ranting message, to confirm that they will now be sensitive and “woke”, and want to defer a lot of profits to help BLM and the like.
We are NOT in a social services industry, and our client base is mostly made up of wealthy conservatives. I don’t see this working out well, long-term, for the Portland group.
They still have virtually no one working in-office, and likely will not for some time. This is more due to the riots and destruction than to Covid-19 social distancing.
Businesses never die, they just fade away....
The property insurance rates will skyrocket in Portland, and local businesses will just quietly disappear...