City might use design competition for future vision of Landing site

[Kerry]

What's gone is gone, but the economy is going to turn eventually, and we need to have some urgency with the Landing.

Well...

Yep.  It looks like Jax missed out on the greatest economic growth period in US history.

[acme54321]

Saying the economy is gone is being a bit dramatic at this point.

[heights unknown]

What's gone is gone, but the economy is going to turn eventually, and we need to have some urgency with the Landing.

Well...

Yep.  It looks like Jax missed out on the greatest economic growth period in US history.

Yep, AGAIN.

[Kerry]

Saying the economy is gone is being a bit dramatic at this point.

Maybe, but with so many people freaking out over nothing who knows what will happen.  I was on a conference call today and one of the participants was brought to tears because she was told she still has to be on-site at the client next week.  She is practically scared to death of coronovirus.

[marcuscnelson]

Saying the economy is gone is being a bit dramatic at this point.

Dramatic, perhaps, but is it wrong? All of my trading buddies are betting things will keep falling, and no one believes that these desperate subsidies are going to make up for the dramatic downturn in consumer spending, the vaporization of travel and the oil war going on between the Saudis and the Russians.

[downtownbrown]

those are all buy signals...

[acme54321]

those are all buy signals...

Exactly.  Right now, it's all fear driven.  It could obviously get much worse, but if it doesn't and the media headlines are gone everything will go back to normal lickety split.  Just a bump in the road.

[heights unknown]

those are all buy signals...

Exactly.  Right now, it's all fear driven.  It could obviously get much worse, but if it doesn't and the media headlines are gone everything will go back to normal lickety split.  Just a bump in the road.

Shawshank Redemption..."lickety split!"

[Kerry]

those are all buy signals...

Exactly.  Right now, it's all fear driven.  It could obviously get much worse, but if it doesn't and the media headlines are gone everything will go back to normal lickety split.  Just a bump in the road.

For some industries yes, but not others.  Seats on a plane can't be sold after the plane leaves.  Hotel rooms can't be sold retroactively.   Once that revenue is lost it is gone forever.

[marcuscnelson]

those are all buy signals...

Yeah, yeah, buy the dip.

Exactly.  Right now, it's all fear driven.  It could obviously get much worse, but if it doesn't and the media headlines are gone everything will go back to normal lickety split.  Just a bump in the road.

This sounds like something someone says in a movie before it gets much worse.

[Kerry]

Saying the economy is gone is being a bit dramatic at this point.

Dramatic, perhaps, but is it wrong? All of my trading buddies are betting things will keep falling, and no one believes that these desperate subsidies are going to make up for the dramatic downturn in consumer spending, the vaporization of travel and the oil war going on between the Saudis and the Russians.

I follow a discussion on oil prices from people deep in the industry and they are expecting a significant number of bankruptcies (Chapter 7, not 11) in Houston, Dallas, OKC, Tulsa, Midland, and Denver that are going to have a huge impact on the country's banking sector which will all but dry up funding for a lot of stuff.

Any development not coming out of the ground right now in Jax, probably won't.

[jaxlongtimer]

When the public sees celebrities like Tom Hanks, his wife and an NBA player getting the coronavirus, expect the "fear factor" to explode.

Add seasons cancelled, games in empty arenas, flights from Europe cut off, colleges closed, Italy shut down... people are going to connect dots and see that everyone is going to be touched by this before it's over.  This will cause paralysis like the opening shots of the first Iraq war or at 9/11 but maybe worse since its involuntary at the individual level when quarantines and close downs cut in.

Trump didn't come across very confident tonight (lots of cheer leading bluster mixed in) and the markets weren't buying his plan with Dow futures down another 1,000 points or so.

I was among those who initially didn't expect this degree of disruption but after seeing China shut down whole cities it occurred to me we are the same humans and, thus, that every country may end up doing what they did.  We are now seeing movement toward that.

With concerns about overwhelmed hospitals, the temporary hospitals China built for treating the coronavirus patients exclusively looks like a potential outcome here but I don't hear anyone talking about it yet.

Some damage will be long lasting.  I don't think the cruise industry is going to rebound very quickly.  They have always had issues with the norovirus and have been, more and more, treating passengers like cattle with their giant ships, so I don't think it will take much here to put off customers for a long time.  People aren't going to quickly forget ships at sea or quarantined in ports for weeks at a time while the virus spread through the ship.

[marcuscnelson]

Exactly.  Right now, it's all fear driven.  It could obviously get much worse, but if it doesn't and the media headlines are gone everything will go back to normal lickety split.  Just a bump in the road.

This sounds like something someone says in a movie before it gets much worse.

So it got much worse.

[bl8jaxnative]

Some food for thought for the old site of The Landing and Downtown JAX

http://www.bmoremedia.com/features/innerharborlessonsfortheworld020811.aspx

Caution 1: Ease back on the shopping malls.

Harborplace, inaugurated by the Rouse Company in 1980, started a pernicious trend of building "festival marketplaces" in historic locations. Throughout the 1980s, they followed the Baltimore model with Boston's Faneuil Hall, New York's South Street Seaport, Jacksonville Landing, and Miami's Bayside Marketplace. While the architecture usually isn't dreadful, and the idea of historic preservation is a positive impulse, the effect is to create cookie cutter interior environments, filled with the same chain stores. Independent retail is the key to a unique urban experience, which visitors don't find in the gleaming Filene's Basement or Best Buy, but do get a few blocks away in Fell's Point. Philadelphia's Old City, just a stone's throw from the waterfront, is likewise a bastion of interesting and eclectic boutiques.

[thelakelander]

Is this a recent article? The popularity of 1980 shopping malls largely died out over a decade ago. Many of these places are being adaptively reused into other uses such as museums, food halls, public markets, hotels, event spaces, etc. that feature local businesses and experiences.