Friday, February 8, 2008

Helen Dankwerth, March 12, 2006--- "We Are In A Retail Boom." Read On.

Have you had occasion to ride by the Oracle Crossing Shopping Center? It used to be owned by Bourn Partners until they sold it to Weingarten Realty who along with the shopping center also received the wonderful sales tax giveaway compliments of Oro Valley's Town Council.

Let's look back less than two years.

From The Az Star March 12, 2006---none other than Helen Dankwerth had this to say:

With population growing from about 29,700 in 2000 to about 40,000 in 2005, Oro Valley is starting to see the first phase of new retail and service jobs expected to come with the openings of three new retail centers this year, said Town Councilwoman Helen Dankwerth.
"It's fair to say they are the biggest retail developments the town has ever seen," she said. "We are in a retail boom."


From Business Edge publication of The Tucson Citizen Oct 04, 2006:

Sedona Patio Furnishing, LLC leased 17,076 square feet at Oracle Crossing Shopping Center from BP Oracle Crossing Investors LLC.


That was then. This is now.
Az Star Feb 5, 2008 reported the following:

A Northwest Side furniture store has closed down. Sedona Patio & Leather general manager Dave McCarroll said: "January sales were down 60 percent from the same time last year."

Oh well. I guess the "retail boom" Dankwerth told us about is no longer a boom----and with that, there goes more sales tax revenue.

Sedona Patio is just the latest to depart. You can be sure they won't be the last. Like the old song----- "And another one bites the dust." Too bad for the retailers. Too bad for Oro Valley.
Once Wal-Mart gets here I'm afraid we'll be seeing a lot more of "biting the dust."