"Oil Money will Gentrify Youngstown"

[Youngstownshrimp]

Very simple guys, The community organizers, the socialist move into inner Cities when they plummet in value, thinking they can plant a flag.  We all saw this with ACORN and locally the MVOC, infact YNDC is a morped institution.  The YNDC will remain a small player in real estate, from now on.  You see, the private sector is now rushing into Youngstown to invest in the real estate because of the NEW value in the Utica region.  It is happening all over the Utica.  Indirectly, you will see capital flowing into Youngstown, wherever a bargain can be had.

[AllanY2525]

I don't see the oil and gas companies pushing anyone out of the downtown
area who is paying the rent on their space - it's not like there is currently any
shortage of empty office spaces downtown just yet.

If it gets to that point down the road, I would think that new office spaces
and buildings would be developed, versus kicking out perfectly good
tenants just to rent or lease office space to the oil and gas companies.

[Towntalk]

I like to think of it as our conquest of paradise.
People thought that Christopher Columbus was a fool and a heretic but he proved them wrong.
Now it is up to us to prove that our critics are just as wrong.
We can not allow Youngstown to wither on the vine, for we, not they are the future.

[Youngstownshrimp]

I see this topic is being secretly viewed.

[Youngstownshrimp]

Many of the businesses in downtown are leveraged.  When insolvency begins and the collateral is good, the capital infused by energy will be the player to clean up the hood.

[Towntalk]

Lets put it this way, how many artists who paint pretty pictures or whatever else artists do actually live and work in downtown Youngstown? There are two or three art studios there, but the artists who own them live elsewhere. In each case, one has to make an appointment to even visit these studios, so they are not drawing large crowds.

Restaurants on the other hand, especially those that have live entertainment do draw young folks downtown usually on weekends, but during any given day between 9:00 AM and 6:00 PM business is slow except perhaps lunch time, so where are the huge crowds that the arts folks talk about in their claim that they are the heart and soul of downtown Youngstown?

As far back as the mid 1980's the arts community has laid out grand plans for the downtown area, and as of yet none of those plans have ever become a reality, for if they had, then the downtown area would be humming, new stores would be coming in to reap the benefits, but it wasn't until the Incubator came in and spun off some very successful small companies that we started seeing a real interest on the part of other small businesses, then when some investors bought some of the empty buildings and turned one so far into a high end condo, with a second nearing completion, did we have any real hope for downtown Youngstown, and the artists had absolutely nothing to do with them.

If we see any major developments come from the gas and oil industry in the next few years (and this is still an if) we'll see a resurgence of downtown Youngstown with companies locating there in the bank buildings, and an increased interest in retail trade that has absolutely nothing to do with the arts.

[irishbobcat]

Rick, all I am asking is if new money and new businesses move into the locations of the "old" establishments that have been bringing people downtown....won't the people who visited the
old establishments follow them to new locations out of downtown?

[Rick Rowlands]

This implies that there are large numbers of people who visit the artists.  Where can one go to "visit the artists" downtown?  I know people go downtown for entertainment and dining, some to the museums and many most certainly for work, but where are the artists?

[irishbobcat]

I'm confused....if it was the free-loading artists who had businesses that attracted people back to downtown...and now "big money" moves into the buildings that housed the artists and the artists move out of downtown...won't the people who visited the artists also leave downtown?

[Rick Rowlands]

Why would big oil want downtown real estate?  Mineral rights leases certainly, but above ground assets?

[Youngstownshrimp]

This post must have hit a nerve, all are silent.

[Youngstownshrimp]

With all the hyped up debate over gentrification of downtown, the facts are that yes gentrification will take place and the losers will be the community organizers and the trough feeding nonprofits.  The gentrification of majority of acreage in Youngstown is now in the hands of big oil, the locals abandoned the lands.  Downtown real estate?  read "Trammel Crowe," and what you will learn is that all the current developers in downtown that are developing with debt will become insolvent and leave the door open for .............big oil to pick up the pieces............without debt.
Welcome to redistribution........global redistribution.