The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (202396)	5/15/2009 11:34:39 AM
From: Jim McMannis	Read Replies (3) of 306849

Shutting down these car dealers is really going to hurt. Where do they think most of the ad dollars for the newspapers come from? TV ads will hurt too. Not to mention employment in general at the dealerships. OTOH, some pork money can be allocated for turning them into parks and general beautification. Cities brace for shutdown of auto dealerships latimes.com May 14, 2009 With struggling automakers expected to announce the shutdown of thousands of dealerships starting today, cities are bracing for a wave of blight. The closings will dump thousands of large, oddly configured parcels into an already reeling commercial real estate market. Many are likely to remain empty for a long time, monuments to the decline of the U.S. auto industry and the intensity of this recession.

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