How To Build Downtown Greensboro

On putting the cart before the horse:

"Carroll believes if the GPAC is built downtown more development will come. This is precisely backward and similar to David Stockman‘s flawed trickle down theory of economics as espoused by Ronald Reagan and lampooned as voodoo economics by his vice-president, GHWB.

Communities are built by businesses which turn a profit. The more successful ones serve customers from far away. Indeed, 25% of all retail now occurs online. Ad agencies and newspapers survive on the backs of successful merchants. The problem with Greensboro is there are far too few merchants and decreased local demand. The remedies are to extend your reach and to specialize. Only with successful local merchants and manufacturers do the wages and profits exist to drive hotels and PACs.

We have a thriving enterpreneurship effort, but it is in no way associated with downtown. State and federal regs make it almost impossible to build a manufacturing business and merchants do not have sufficient local demand to survive."