|
Not registered? Click here
|
E-mail this
|
Print this
|
| Decatur Daily | @DecaturDaily |
| High School Sports | @DecaturPreps |
| Living | @DecaturLiving |
| Seth Burkett | @DD_SethBurkett |
| Bill Campbell | @DD_BillCampbell |
| Deangelo McDaniel | @DD_Deangelo |
| Eric Fleischauer | @DD_Fleischauer |
| Bayne Hughes | @DD_BayneHughes |
| Ben Montgomery | @DD_BMontgomery |
| Meredith Qualls | @DailyMeredith |
| Mary Sell | @DD_MarySell |
| Ronnie Thomas | @DD_RonnieThomas |
This would be a good investment. They have to proudce before they get the investment.
This would be a good investment. They have to proudce before they get the investment.
As of March 1, 2011, Garrison Investment Group had about $1.9 billion of committed and invested capital
And I as a tax payer should give up some of our coffers.
hard hat & flip flops - thats safe :-)
I thought the same thing Ronald! haha.
City Council must ask what kind of Bank Promissory note Mall owners are willing to sign that in the event that Mall revenue if does not increase to .City of Decatur has seen in the past that false promises have been made about projected income & then company goes out of business.
"In 10 years, Garrison projects the upgraded mall could generate $10.1 million for schools and $22.6 million for the city. Garrison estimates that during the same period without the upgrades, existing retail would generate $4.6 million for schools and $13 million for the city.
From 2006-11, annual sales dropped 36 percent at the mall, from a high of $66 million to $42.1 million, Salmon said "
Malls are a dieing if not already dead business model, everything in a mall can be bought online for a fraction of the cost, I don't see what these people see in investing so much in it, and considering Decaturs growing black gang problem ,I would be surprised to see them ever recoup there money.
Malls are dying, but Hey, let's give 'em $6.8M!! We've got it to spare!