Commercial real estate is going to be tough. Frankly about 25% (WAG) of all class A and B could be vacant over the next 3-5 years. Cities will be wise to improve utilities to residential homes to support work at home types.Downtown's everywhere are going to have issues regardless of what jobs move in during Covid. I was just informed I'll be wfh until 2021 and we are one of the biggest employers in the area. Going to be hard for restaurants/bars who miss out on the after work crowd.
Commercial real estate is going to be tough. Frankly about 25% (WAG) of all class A and B could be vacant over the next 3-5 years. Cities will be wise to improve utilities to residential homes to support work at home types.
Also you don't have to pay for private schooling for your kids as most CNY school districts are really good.
It isn't sexy and politically beneficial but Syracuse should revamp the sewer, water, gas lines and move much of the power grid underground along with improvement of the Internet. I wish Cuomo and the repubs and Dems push this for the major upstate cities.I have friends in Manlius who have struggled wfh due to power outages this summer. Some wealthier bedroom towns need to upgrade their infrastructure for sure.
It isn't s e xy and politically beneficial but Syracuse should revamp the sewer, water, gas lines and move much of the power grid underground along with improvement of the Internet. I wish Cuomo and the repubs and Dems push this for the major upstate cities.
Both sides say they are...but it is always half assed attempts. There is big money to be made in the construction trades and I wish we can get more interested in it. Unfortunately our youngest stay indoors too much and game online versus building forts and playing sandlot baseball.The nation’s infrastructure is a huge problem, one that I hope would be seriously addressed after elections like it is before elections.
The city want to make a statement? Invest in upgraded utilities on the near sides to downtown. Young urban pioneers are more likely to move in if they see the government is serious about saving neighborhoods.I know gas and electric is being updated with the help of private industry. I can’t speak for the others.
As a result of Covid 19 do we..
1. Expect a significant return of CNY transplants back to the home country/Syracuse?
2. Expect a population movement, in general, from NYC/Westchester to Upstate?
3. If so expect short term positive effects to the current regrowth of downtown and enhanced focus of infrastructural needs in CNY that may have been waitlisted pre COVID?
I wouldn’t be surprised to see 2020 feature unprecedented (since 2000) demographic growth in Syracuse and Onondaga County.
Unfortunately any neighborhood won't really improve until most apartments are market rate or slightly subsided for income with working folks. Building new subsidize housing is wasted unless there are jobs available nearby. Why I love this Dental Lab announcement...
It isn't s e xy and politically beneficial but Syracuse should revamp the sewer, water, gas lines and move much of the power grid underground along with improvement of the Internet. I wish Cuomo and the repubs and Dems push this for the major upstate cities.
It isn't s e xy and politically beneficial but Syracuse should revamp the sewer, water, gas lines and move much of the power grid underground along with improvement of the Internet. I wish Cuomo and the repubs and Dems push this for the major upstate cities.
... The one problem is that a lot of the service jobs especially restaurant and retail are taking a bath and going to put a lot of people out of work who don't have a big educational or skill background. Camillus alone has lost multiple restaurants and once the mid fall gets here and outdoor dining is gone there is going to be glut of places going out of business not to mention the closures at the Mall that are certainly coming.
I wish to subscribe to your newsletter.The city want to make a statement? Invest in upgraded utilities on the near sides to downtown. Young urban pioneers are more likely to move in if they see the government is serious about saving neighborhoods.
It isn't s e xy and politically beneficial but Syracuse should revamp the sewer, water, gas lines and move much of the power grid underground along with improvement of the Internet. I wish Cuomo and the repubs and Dems push this for the major upstate cities.
Not exactly what you are talking to, but the city has at least tried to take an innovative approach to water line repair. As the article says though, no one holds a ribbon cutting for a new water line, so it’s hard to gain support for funding. I remember when Mayor Miner begged the state for help on repairing/replacing the city’s century-plus old water pipes and Cuomo essentially told her to pound salt. It’s a huge problem that costs local municipalities millions of dollars every year.
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How Mathematicians in Chicago Are Stopping Water Leaks in Syracuse
Beset by water main failures, the New York city is using data to save money on costly repairs.www.politico.com
Destiny losing another anchor store, Lord and Taylor is closing it's location
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Lord & Taylor at Destiny USA to close
The closing comes after the department store chain filed for bankruptcy protection.www.syracuse.com
I actually did like Sears for their appliances and tools until their ownership ran them into the ground.Bring SEARS BACK!