Best blogger fodder in 20 years.
I've borrowed Bruce's phrase. Yeah. Like looking at a big chocolate cake with ice cream.
But I'm too full to eat it, today.
I've always had a sneaking admiration for Hollern's business astuteness. (As I pointed out a year and a half ago, he was the first developer to start to respond to the slowdown with real actions: selling property and putting his developments in mothballs. He kept the land and sold the mill all those years ago, which seemed crazy at the time.) Smith has pulled off what I didn't think possible. I never thought the Old Mill would be viable, and it's at least that.
Hollern's been around even longer than me, and I saw the 70's as a kid, and bought my store at the very bottom of the '80's downturn. And of course, my store is pretty small potatoes.
But....I will make one observation. Once again the Bulletin has left off the all important word "YET". We may not be as bad as those two previous downturns, but it ain't played out YET.
It was alarming to me to hear some businesses are down by half, because I think we have another plateau to fall off of. I figure the overall downturn will be half, in another year or so. That will be very hard for many businesses to endure.
But I think we've only halfway there.
3 days ago