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BRA: New York firm playing No. 6 to City Hall's No. 2 over Faneuil Hall
By adamg on Sat, 06/11/2011 - 12:35am
The city, which actually owns Faneuil Hall Marketplace, has blocked plans by its current bankrupt manager to sell management rights to a New York firm, the Herald reports. The BRA claims it wants information on how the new operator would actually manage the marketplace and bring back the local stores that once filled it, but that the company refuses to dish.
Negotiations have not gone well:
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Comments
Velocipedes
Maybe the stores will sell velocipedes with little awnings on them.
The empire state . . .
. . . Is hungry.
Does anyone go to Quincy
Does anyone go to Quincy Market anymore?
Reminds me I need to visit Durgin Park again for some Indian Pudding.
I honestly don't think that
I honestly don't think that FHM needs the local stores back. The place thrives off chain retail and bringing back local stores would kill the customer base completely. Whether or not we like it, FHM is the epicenter of this city's tourism economy and the revenue it generates is invaluable to the city.
Yes, it is the epicenter
Yes, it is the epicenter of our tourism economy -- I work in tourism, so I'm there a lot. But you can't draw the tourists with the same things that they'll find in Peoria. You need a good mix including some things that are unique or unusual.
Curiously, I remember people raving about Crate & Barrel when it was there. While it's a nationwide chain, it skips a lot of smaller cities. On the other hand, Crate & Barrel pulled out of Quincy Market a few years ago, saying it wasn't as profitable as their other stores.
That is true for almost
That is true for almost everywhere else, but not actually true for FHM. The reason it works here is because of the international customer base. We have many "regulars" here at AE that actually live overseas. Foreign customers flock here by the tens of thousands just to shop american brands that they can't get back home. Even some people that live in the US have never heard of our brand because they live 3 hours from a mall. Another reason it works is field trips - we see hundreds of kids everyday from all over the US and Canada (especially) shopping their favorite brands. They wouldn't buy as much from indie shops. Finally, I don't think that indie store owners would be able to survive the brutal slow winter season. There are days in the winter when we're lucky if we make $5000. Imagine how much smaller the indies' profits would be. The chains are the only ones that can afford to survive here.
Well . . .
. . . Maybe you are right- probably know more about it than me.
I disagree.
I like "local charms" in Faneuil (have a lot of nieces) and some of the tucked away stores upstairs- and avoid the chains completely- not that I hate them - but when I need to go to crate and barrel I'll go to mall or a chain strip on a highway. No one travels to shop in the same stores they have on their local rt ones.