Is it the case that without Parc Llandudno, Mostyn Street would have fewer empty shops? Almost certainly. But that is not to say that Parc Llandudno is a bad thing, many of the units provide the sheer square footage that is simply not available on Mostyn Street. What's perhaps more pertinent is that the cost per square footage is actually cheaper on Parc Llandudno than most of Mostyn Street. If the Landlords would just admit defeat and lower their rents (coupled with some sort of enhanced Business Rate Relief), then we could see a real resurgence in the family owned, independent businesses along Mostyn Street, with most of the larger chains being based in Parc Llandudno.
I agree (almost) entirely.
My belief is that exhorbitant rents and rates are a huge deterrent to any new business venture, (coupled with the impossible barriers to borrowing money) so I fear there are many more closures to come.
However, if you have a good idea, good offer and sensible pricing, people will still spend money with you.
The world has changed, and so has the 'divine right' to credit. You must have a sensible business proposal to get your hands on the capital required.
My question on this subject is, is there any other seaside town that is tackling this subject properly and making progress?
Or are we seeing a chronic decline that just happens to be happening to Llandudno, like every other town?