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VENDORS GET WORST OF BOTH WORLDS: HEAT, NO HUMANITY
Published July 23, 1996
There are a number of reports this morning on the fallen expectations of merchants and street vendors in Atlanta. In Philadelphia, Larry Copeland reports that parking-garage owners who had advertised rates of $50 a day "were gladly accepting $7" and that business owners on Auburn Avenue (where Martin Luther King is buried) claimed that ACOG reneged on a deal to close the avenue to traffic and turn it into a pedestrian mall (PHILA. INQUIRER, 7/23). Donald Ratajczak, Dir of Georgia State Univ.'s economic-forecasting center, said businesses ignored the "displacement factor" in that visitors are merely replacing the locals. Roger Tuttertow, Chair of Economics at Kennesaw State Univ.: "People who thought they were going to make a killing were probably a little on the naive side" (WALL STREET JOURNAL, 7/21). In Atlanta, Ronald Smothers reports business is "slow to spotty," with taxi drivers "among the few to cash in so far" due to "glitches and overcrowding" in the transportation system (ATLANTA CONSTITUTION, 7/23).