Ikea Tampa announced an opening date
At 9am at the sixth of May Ikea will swing open its doors to an adoring Tampa public. The Tampa keep will be Ikea's largest in Florida at 353,000 square ft. That isn't a typo. It will also be the first Ikea vicinity in the US with an increased Swedish food section.
The place Tampa has been under production for 2 years and people two years had been instead eventful so far as the economic system within the community surrounding Ikea's new vicinity is going.
When Ikea introduced its plans to move into Florida, matters have been clipping along right here. Construction changed into nonetheless booming even though the cracks had been starting to show. Lenders have been nonetheless writing mortgages to pretty much all people with a pulse and every person in the creation and preservation industries had greater work than we could cope with.
But even as that save was beneath production, the nearby financial system hit the wall. Greater Tampa is home to one of the maximum loan default costs inside the us of a and an article in the St. Pete Times this week stated that 31 percentage of the mortgaged properties here are underneath water. That manner the owners owe extra than their mortgaged homes are well worth. Consider that the median residence fee right here has dropped by 50 percentage within the remaining 3 years and it's not difficult to peer why.
Times is tough as I like to say and it's an interesting time to open a retail established order. I wish them well, I without a doubt do. There's nothing else to compete with them here actually. And perhaps the answer in attempting economic times is to sell cheap stuff that appears excellent, first-rate be damned. If not anything else, Ikea has medical health insurance blessings for even their part-timers.
But nevertheless, I'm preserving out hope that from the ashes of our burning economy comes a higher appreciation for cost. Cheap stuff's not cheap when you have to shop for it two times.