I think the Norman city council just this week made even that a crime.
You mean a district where you put on your best Affliction tee, jeans, and flip flops isn't considered hip?Ok, just curious, but what/where are these "hip districts"?
The risk is a real problem. I can afford to live down there, but the whole venture just strikes me as too risky. I don't want to live in a condo for 10 years to be able to break even when I sell it, and if that is the expectation of downtown builders then they don't understand the 'creative class' very well.You're right, many of the people I work with live in Edmond, as do I. I've looked at places in Deep Deuce, I've looked at all the new/refurbished place in and around the DT area. Frankly, they're waaaaay overpriced. At least with the properties in Edmond, I know that if&when I leave, I'll make a return on my investment. In the DT area, it's too much of a risk, especially when place like Maywood park are barely half full and Regency tower is trying out 2-for-1 deals to try and attract people.
I think the single aspect is being played up too much. It is really difficult to put one's finger on but it is the same problem if you're single or not. It has gotten much better in recent years though.Bottom line is that there's almost nothing in this city to draw 20-30 somethings, specifically single ones.
I think the 'go out and make it happen' comment is a lot harder than those who would so easily type it. I have actually been considering exactly that. The problem with that scenario is a person may not have any experience in the type of business that they want to bring to OKC or no desire to run it, even if they have the money, so it comes down to making a connection and essentially finding a business partner with the experience to run something like that which you trust enough to fork over quite large sums of money, or sign on a dotted line for. I know this has happened before, a good case study would probably be the now defunct LIT bar in Bricktown... it was started by two law students who just wanted a cool place for their friends to hang out. I would also be interested to know why they eventually decided to shutter their doors.
I don't really see Bricktown becoming the district that we are hoping will one day come into existence. I tend to think that Midtown has the potential there, but it is just too immature and underdeveloped at this point.
I think the biggest challenge for OKC is that the types of things we are talking about are not the city's domain and are essentially things that private investors and business people are going to have to figure out. And honestly it is a tough sell in a bad economy. It really boils down to moving past all the naysayers who say "look, there are no businesses catering to this demographic in OKC therefore trying to start a business like that would be economic suicide" and transforming that thought process into "look, there are no businesses catering to this demographic... they're under-served! This is going to be a gold-mine!"
Bookmarks