Economic Pause Creates Opportunity for Infrastructure Improvement

April 30, 2020
With their disruptions to traffic flow and parking, construction projects are the bane of downtown leaders. In a rare bright side to the coronavirus pandemic, some downtowns are using the economic pause to accelerate infrastructure improvements. In Pensacola, FL, Gulf Power has accelerated work on an $83 million project to improve the downtown power grid.…Continue reading

 

Big Landlord Responds to Pandemic with Rent Forgiveness

April 23, 2020
As the coronavirus pandemic closed downtowns across North America, downtown Detroit’s biggest landlord tried something different. Bedrock, a major property owner in the struggling city’s commercial core, told tenants it wouldn’t collect their rent. The most generous rent forgiveness terms go to small businesses, while bigger companies can get smaller breaks. "It is going to…Continue reading

 

Global Pandemic Creates Challenges, Disruption for Downtowns

April 9, 2020
Downtowns are positioned to rebound strongly from the coronavirus pandemic. When that rebound might occur, however, is uncertain. That’s according to downtown leaders interviewed by Downtown Idea Exchange newsletter as the global pandemic spread. "Will we come back? Absolutely," says Dewitt Peart, president of the Downtown Austin Alliance in Austin, TX. However, Peart and others struggled to…Continue reading