Word: holmesing
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The Central Square project involves many local residents, and Holmes is still waiting for the "green light" from the City Council and zoning officials. Until then, Holmes does not have the property rights at its disposal. The question is whether the project is necessarily bad for the local residents or...
Holmes' Central Square project proposes to bring in new, nationwide chain stores and new residencies to local residents. While Holmes' development may distort the traditions and variations of the local community in the short term, it could benefit the local residents with efficiency, orderliness and higher standards of living in...
A key negative externality that will result from the presence of the Holmes project is homogeneity. In the past, residents and tourists alike have been able to find a wide selection of goods in Central Square. However, when nationwide chain stores enter the neighborhood to satisfy only the needs of...
Bekken's suggestion that "locally-owned business serving residents of the surrounding working-class neighborhoods will be replaced by six floors of upscale chain stores and high-priced apartments" implies that Holmes nationwide chain stores will be exceedingly high-class and that the local residents will not be able to...
The single ownership of the project by Holmes will also lead to more responsible business practices. By owning the property and buildings of the shopping and residential plaza, Holmes will have a strong incentive to internalize any external costs, such as stores that create a lot of litter or noise...