Thursday, January 28, 2010
Several Downtown Businesses have come to the conclusion they just can't make it in Downtown Caldwell. The following is from the January 26th Urban Renewal Agency meeting:
"Duston Rose, realtor, stated that several businesses are considering relocating from the downtown area, claiming that conditions created by the Indian Creek project have had a negative effect on their business. In his capacity as realtor for these properties, Mr. Rose is making an appeal to CEURA on behalf of the property owners for assistance with moving and relocation costs. Chairman Waite stated that the properties in question were given consideration offers during the creek relocation project but owners declined and decided to stay put. Chairman Waite added that CEURA is unable to offer assurance of assistance at this time as current funds are already committed to other projects, however CEURA is willing to review funding sources in future years."
Mayor Nancolas may have had it all wrong in his state of the city address about how great things are in Downtown Caldwell. It looks more like "rearranging the deck chairs on the Titanic" when you have people asking for financial help to close up shop.
Urban Renewal in Caldwell will have spent in the neighborhood of $70 Million by the time they dissolve the agency in 2014. What will we have to account for all the money spent by CERURA when the books are closed on this chapter of Caldwell. In Downtown we probably won't have much beyond a shiny new TVCC/City Hall building and the uncovering of Indian Creek in Downtown. And no doubt a lot of boarded up storefronts to go along with the aforementioned.
Caldwell remains "the city without a plan", regardless of the the mayoral hyperbole about all the progress laid out during the Mayor's state of the city address. When the shiny new TVCC building opens in the Fall of 2010 "critical mass" of all the students and their cars taking up all the parking will have more negative impacts on remaining downtown shops and stores. Property taxes have more than doubled on dying businesses in our downtown due to the inflated prices UR paid for property. The chickens have come home to roost and it isn't pretty to watch our downtown continue in the death spiral.
Posted by Paul Alldredge at 1:33 PM