Here in Vancouver there is a very known street area located at Hastings and Main where a lot of homeless people and illegal drug transactions often take place. I was talking to a business owner recently who knew another person that ran a business around that area. <\/p>\n
He told me stories such as how the owner has such a hard time attracting customers as homeless people would often come into the store or hang around the entrance area which would discourage people from going near it. He even joked a bit on how whenever he went down there it appeared that there were more transactions happening on the streets of that area than any of the businesses.<\/p>\n
I know a little further west there are similar problems and there are plans to renovate a lot of the buildings in time for the 2010 Olympics. It\u00e2\u20ac\u2122s kind of interesting though as there are sides against these types of changes as they feel it is pushing poor people away even more and at the same time others say it\u00e2\u20ac\u2122s good to start revitalizing the area.<\/p>\n
I guess a big reason why people would setup a business in these types of areas initially is the cheap real estate. I can\u00e2\u20ac\u2122t say that I have ever honestly seen one business by itself completely change say a whole neighborhood from a poor image to a more neutral one. It usually takes a few others as well. Although, I will be amazed if that area changes as ever since I was a child it has always been like that.<\/p>\n
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