Revenge of the Kitties: 2 Retail Models for Memphis
New findings from Gates Of Memphis Research (GOMR). 
Inspired by this event and this very interesting comment, posted nearly a year after the commented-on story appeared.
Inspired by this event and this very interesting comment, posted nearly a year after the commented-on story appeared.Labels: economics, Memphis, retail, shitting where we sleep
posted by gatesofmemphis at 1:00 AM
7 Comments:
I have to say I've seen the second model being put in place in post-Katrina New Orleans in the last week and it's having disastrous effects on already struggling neighborhoods. Some days it seems that developers in Memphis are out to do to us what it took a Cat 5 hurricane to do to our neighbors to the south.
The boys down at GOMR will be glad to hear their hard work paid off. Or isn't completely full of it.
They might need to modify the diagrams to reflect the fragility of the larger eco(nomo)system. In other words the downward spiral isn't as likely to happen if other nearby areas are robust. But in midtown Memphis (and pretty much anywhere in Memphis), if you jolt fragile, nascent economies with unreasonable expectations of return, the spiral begins (although we're still a way from Yucca Mountain, but we can see it on the horizon).
Wow! that GOMR think tank is right on the money. Those boys must have been workin' overtime to run the numbers on that model. Hats off to ya.
At the moment MATAlabs is coming up with something really really big, the Memphis of the west coast, Stay tuned for the full schpeel breaking mid march.
Yes, GOMR had tired of their previous work in Press Release Optimization.
Let us know what's up. West coast, East Coast, Mud coast, we all need to know about new vaccines.
Where does Squash Blossom coming back to Midtown in the old locale of Burke's (ironic?) fit into all of this. Interesting stuff. Is Midtown stronger than we think?
I'm glad to hear that Squash Blossom is opening.
I think Midtown is fragile. That's not pejorative, just descriptive. Like a baby. Shocks to this system -- major rent or tax increases, destruction of the built environment around it, major increases in crime -- are dangerous. Even something I believe very strongly in -- the completion of the trolley line to the Fairgrounds, via Madison, Overton Square and Cooper-Young. If this were to happen, it has to be nurturing, hand-holding process for businesses along the route, including financial assistance as the need arises.
Too bad they can't use the original line location down Young. Saw a book about Memphis in Costco that had a great photo of the old horse racing grounds at the present day fairgrounds. The line ran from downtown to the fairgrounds via Young from what I could see. Anyway ... it's all cyclical.
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