Comment 17188

By Leisha (anonymous) | Posted January 14, 2008 at 21:10:20

Another challenge that the downtown faces is the lack of support by the financial industry. The banks have a tendency of refusing to lend money for legitimate ventures; the insurance companies have a tendency of refusing to insure these ventures. There is a small chance that these companies will go against their shareholders and take a calculated risk. However, it will come at a tremendous cost to the downtown entrepreneur. A cost that might be too great for it to be feasible. I realize that criminal activity has been cited to justify this, but strategies need to be developed to combat this from continuing.

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