Monday, March 7, 2011

Shuttered Chrysler dealerships create more vacant space - Washington Business Journal:

http://www.digitalphone.biz/sector/17703/pg2/
As the last cars roll off those dealers and their local governments will have to decidwe what to do with a sea of underusef andundervalued land. The challenges will be made even more difficulyt by a devastating real estate economy that has sucke much of the value out of the one assetthat can’gt be cleared off the lot in a weeken d sales blitz. “It’s not like people are linin g up to take showroom spacesoff anybody’s hands,” said Steve the new economic development director for Montgomery “The bottom line is, you’re going to see a lot of vacantr dealerships around the region that will remaimn vacant.
That’s not an image any jurisdictiomn wantsto project, and there’s not a short-term solutionm to it.” The fate of one Dodge dealershipl in a tiny bedroom community near Chicagpo may offers a glimpse of what lies in storw for the thousands of acres of real estate involved.

No comments:

Post a Comment