Quote:
Originally Posted by secondcurve
Please note that many other businesses in the other towns on the lake have learned to survive in the winter. Further, the price of land/buildings in the Weirs will fall until it is possible for businesses to become viable. It doesn't make sense that all the other businesses in towns on the lake can be viable and the Weirs' businesses can't.
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All the other lakeside towns transitioned themselves away from being a summer only stop years ago. The Weirs never got the memo, coupled with a higher than average accumulation of summer only businesses, makes it a harder nut to crack.
Who wants to be the only 4-season business in a 1-season town. You need a group of investors to come to the table at the same time to create a core in which to build out from. As more and more property becomes vacant and run down, this gets closer to reality.
Hopefully your favorites can hold on until that point in time, but smart investors are not going to just throw money at that area until they feel certain that it is going to produce a high return. That will require a weight shift in the area of those on board with the change vs those that want to minimize their investment against return.
You only need to look as far as Meredith to find two of the largest investors in this state that focus on hospitality. Neither of them have shown any signs of slowing down their growth. One of those gentlemen already has a large stake in the Weir's!