Kevin D. Thompson had an article in the Local news section of the Palm Beach Post wherein he cited several businesses that are or have moved into Lake Worth. I am curious as to how many have moved out. Now, even Callaros has their business up for sale. We had a huge slowdown in our economy that seems to be turning around.
Chris Fleming is correct when he says that the commercial real estate market is "on fire." Chris Fleming, a commercial broker with Strategic Properties, touted the General Obligation Bond in this article that is on the November 8th ballot saying that passing this will bring more investment into our city. This statement, as well as others he made, is subjective and made by someone with an interest in the bond's passage and, let's face it, selling more commercial property.
Businesses in Lake Worth, for the most part, are located either on county roads or state roads and will not be affected by the 29.72% of our residential roads that will be repaired under this $69 plus million dollar bond. All the businesses cited in this Post article lie within the county or state ownership parameters.
Mr. Thompson mentioned The Gulfstream Hotel with their purported $70 million project in limbo because of legal issues. As said a million times, renovating the existing hotel has nothing to do with this lawsuit. It is the owner's (Hudson Holdings) excuse not to do anything and with a legal matter pending in court, they can't flip their property which must be their real business plan? People keep falling for the hotel owner's line, over and over again and the city has bent over backwards to give them waiver after waiver. They still do nothing.