Traditional Irish Tavern is Coming Soon from Owners of The Galley
/St. Petersburg residents are known for being religiously committed to buying local. We take pride in the homegrown businesses that make our neighborhoods such incredible places to live, work and play. However, one of the byproducts of Downtown St Pete’s meteoric growth over the past 5-10 years has been a sharp rise in commercial rents.
Some are concerned that local shops will be priced out of downtown and what has made St. Pete special will fade away. While the city is doing its best to keep St. Pete local, with initiatives such as the Storefront Conservation Corridor Plan, they cannot legally force downtown landowners to rent exclusively to locals.
In the end, the residents and visitors decide who goes and who stays. In essence, we vote with our wallets. And although rising rents have put pressure on local businesses, some have continued to thrive, and others have even expanded.
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