texasaggie04 said:Bunk Moreland said:
Grocery shopping is basically a necessity. Everything at century Square is a luxury. Completely opposite economics.
To be fair, an economist would tell you that $5 is $5, regardless whether it's added onto a $10 lunch or a $20,000 new car.
in a vacuum, sure. But $5 to you or me doesn't hold the same value as $5 to someone living paycheck. to paycheck. As soon as add tangible and intangible factors it becomes something different to everyone.
Businesses that operate in something closer to a commodity industry (grocery shopping) would treat the situation differently than a development full of luxury industries.
It's not necessarily bad for business in the luxury space if charging for parking doesn't drive off demand to patronize the establishment. But the key part of that is making sure they price it right.
Right now our opinions are like *******s, so who knows how it'll turn out. It'll be interesting to see how Century Square does. If it hurts business, they'll do away with it or lower parking costs.