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Will Temple Terrace’s Redevelopment Plan Work?

A commentary on The Wall Street Journal’s MarketWatch suggests crummy shopping centers will only get crummier.

It’s a bleak image: the blighted corner of Temple Terrace on 56th Street between Bullard Parkway and the Hillsborough River doesn’t get redeveloped; it only gets worse.

That’s the picture that Al Lewis, a columnist for Dow Jones Newswires, paints for eyesores across the nation in a MarketWatch story published June 22.

In the commentary, Lewis paraphrases Don Wood, chief executive officer of Federal Realty Investment Trust, by saying redeveloping blighted areas within a community doesn’t work without a high density of upper-income households. In places where it will work, the process takes years.

Just this week, City Manager Kim Leinbach told the Temple Terrace City Council that the city and developer Vlass Temple Terrace were at a .

Do you agree with Wood’s take? How do you see his opinions relating to Temple Terrace’s redevelopment plan?

Thanks to Patch reader JW for finding the MarketWatch story.

Chris Curtis June 23, 2012 at 12:18 AM
We were so looking forward to a down town area with restaurants and stores , somewhere where we could walk too.a place to enjoy the evenings and weekends, I suggest that 5th st in Naples should be looked at as a referance point. Who is in control here the City or the Developer
Elizabeth A. Leib June 23, 2012 at 01:02 AM
Why not, until the economy turns around, a green space for families to gather for concerts and outdoor movies...and maybe a community garden?
Carol Dell June 23, 2012 at 07:01 PM
I'm glad to see so many good comments about the redevelopment....I hope they have also been expressed to our mayor, city council, and city manager. If not here are links to their emails: http://www.templeterrace.com/govt/manager_index.htm (city manager) http://www.templeterrace.com/govt/council_index.htm ( mayor and city council) Carol Dell
Maria Paul July 05, 2012 at 02:46 PM
Here, here, to all of the above comments! Citizens of Temple Terrace (and that includes our elected officials), let us stand together strong and NOT succumb to pressure by the developer who has only his own self-interest at heart.
Joan Staehle July 07, 2012 at 04:54 PM
These are great comments! Everytime I drive past the redevelopment area I am so thankful it is not filled with 3-4-story wooden apartments with cars crammed into insufficient parking spaces.

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