Murray Hill Community Garden land being sold

Started by johnnyliar, March 08, 2017, 08:06:16 AM

remc86007

^ I agree with your point in the short-term, but I think UNFurbanist is correct in the long-term. Springfield has significantly more upside potential due to its proximity to downtown (if and when that fully recovers). I would also guess that the median income of residents of Springfield will soon, if it is not the case already, surpass that of Murray Hill. Once Springfield is fully redeveloped from a residential perspective, I expect home values are going to rise very quickly (faster than they already are) and the new residents coming in will quickly elevate the median income of the area. Springfield also has the potential for a (very) long-term boost to come from the redevelopment of the Eastside. If downtown takes off and Springfield is built out, I imagine the redevelopment will spill over into that area as it already has north of Springfield.

Something else that will be interesting to watch in the coming years is the massive number of people that are employed by UF Health just a couple blocks from the commercial district of Springfield. Most of the employees there are paid well, and some are paid extremely well. If Springfield's businesses can tap into that consumer base (even if only in a get drunk after your third shift kind of way), they stand to gain a lot of "vibrancy."

Steve

Quote from: remc86007 on July 20, 2017, 01:40:34 PMSomething else that will be interesting to watch in the coming years is the massive number of people that are employed by UF Health just a couple blocks from the commercial district of Springfield. Most of the employees there are paid well, and some are paid extremely well. If Springfield's businesses can tap into that consumer base (even if only in a get drunk after your third shift kind of way), they stand to gain a lot of "vibrancy."

Agreed - this is something that could create a "snowball effect" in Springfield. If living in Springfield was "cool" to the folks that work at UF Health, that sort of neighborhood connection is a huge advantage. I'm not in medicine, but I think it definitely helps Riverside and Avondale to have St. Vincent's in the neighborhood like it helps San Marco to have Baptist adjacent to the neighborhood.