The hidden culprit driving America’s apocalypse of boarded-up storefronts

The hidden culprit driving America’s apocalypse of boarded-up storefronts

11/17/2023

link

https://www.businessinsider.com/bank-financing-urban-planning-pandemic-retail-apocalypse-vacant-storefront-2023-10

summary

This article discusses the challenges faced by urban areas in the wake of the COVID-19 pandemic and the changing retail landscape. It highlights how the pandemic has accelerated the decline of brick-and-mortar retail, leading to vacant storefronts in many cities. The article focuses on the role of banks and financial institutions in urban planning and revitalization efforts. It explores the various financing options available to address the vacant storefront issue, such as grants, loans, and tax incentives. The article also examines the potential long-term impacts of the pandemic on urban planning, with a shift towards more mixed-use developments and flexible zoning regulations. Overall, it provides insights into the complex relationship between urban planning, retail, and financing in the post-pandemic era.

tags

bank financing ꞏ urban planning ꞏ pandemic effects ꞏ retail apocalypse ꞏ vacant storefronts ꞏ economy ꞏ real estate ꞏ commercial property ꞏ business ꞏ urban development ꞏ city planning ꞏ financial institutions ꞏ retail industry ꞏ urban revitalization ꞏ economic recovery ꞏ small businesses ꞏ commercial loans ꞏ commercial real estate ꞏ loan financing ꞏ real estate investment ꞏ retail sector ꞏ vacant properties ꞏ city growth ꞏ urbanization ꞏ urban design ꞏ store closures ꞏ urban decay ꞏ urban environment ꞏ business financing ꞏ commercial development ꞏ urban landscape ꞏ urban infrastructure ꞏ city management ꞏ economic trends ꞏ urban economics ꞏ retail market ꞏ urban vacancy ꞏ retail industry trends ꞏ urban investments ꞏ retail landlords ꞏ business loans ꞏ urban sustainability ꞏ urbanization trends ꞏ urban policy ꞏ urban challenges ꞏ urban dynamics ꞏ urban transformation