They have seen substantial savings from what would have been (owed in the absence of the 8 percent cap).
Conventioneers that utilize this facility spend a lot more money outside these four walls than they do inside.
Generally speaking, retail developers are timing new projects and expansions to coincide with residential development clusters.
The reality is you're going to have some displacement.
The pace of sales has started to show signs of softness as foot traffic at sales offices, unit reservations and the number of contracts are slowing. Experience, location and branding will be the key to success for specific projects.
Putting up a brand new building next to them doesn't replace blight. Redevelopment in its name looks to improve or increase the development in that area. It takes a certain vision both by the public officials and the developer that is willing to go in there.
The question in most people's minds right now is not about how large growth can be, it's the degree to which the market is going flat.
It could be bad because some of those businesses are people's livelihoods. I don't think you want to discount the reality for those people.
It looked like we peaked out a few months ago and now we are starting to trail down. The question is whether we're returning to a level of normalcy or aggregated consumer spending is actually falling off.
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