LETTER: Vacant Burien Town Square is not healthy
Tue, 08/16/2011
Every time I drive by the newly built Burien Town Square, I check to see if there are any new occupants, either residential or commercial.
The answer is usually negative, which begs the question: how long is this going to continue? Having all this building space standing vacant cannot be healthy on so many levels.
First and foremost, financially it has got to be incredibly expensive from the costs of lost revenue, maintenance, property taxes and other related expenses.
I have read about the refinancing issues with the bank and its subsequent loan, but I truly believe it would be in everyone's interest for the city of Burien to help expedite this issue so we all can see some long anticipated progress.
There are both commercial and residential prospects that have waited anxiously ad nauseam, and may eventually go elsewhere if this continues.
It is ironic that the two entities (Bartells and Mealmakers) that were forced to move by the use of eminent domain could have remained since now it is only a vacant lot, and the one building that was left remaining was the city hall building.
I just lament at the incalculable loss of revenues and waste of resources that occurred with this whole venture.
So, I hear the town square will be soon to be placed on the market again at a more marketable price range. I might suggest because of the lackluster economy that it might also be productive to offer incentives, such as the first month rent-free or signing bonuses to lure prospective buyers or renters. Since there is so much vacant comparable spaces in proximity it must set itself apart. The buildings are in great need of tenants because lack of use can itself be detrimental to the structures.
Mark Pitzner
Burien