Log in to WRAL.com with one click using your favorite social network:
OR
Log in using your WRAL.com account:



Wrong email/password combination.

Forgot password?

Register with WRAL.com using your favorite social network:
OR
Register for a WRAL.com account using our web form.

Login Options

6:30 a.m. • 2-12-12

Weather Forecast for Raleigh

  • Today: Clear.
    • Hi: 41° F
  • Mon: Partly Cloudy.
    • Hi: 50° F
  • Tue: Rain.
    • Hi: 53° F

Other Locations

> 7 Day Forecast

Doppler Image

Marketplace Links

Social Links

Main Menu

Raleigh's City Market Suffering Effects Of Slow Economy


e-mail print friendly

Downtown Raleigh has come alive in recent years, and City Market has been a big part of that revitalization. However, things might be taking a turn for the worse.

Many downtown businesses rely on tourists to keep their businesses going. After Sept. 11., tourism dropped by 20 percent, and so did sales.

Sweet Tea and Grits has been a staple at City Market for five years. Owner Betsy Hunt even expanded her store a year ago because business was so good.

"This past January and February have been the slowest on record," Hunt said.

Now, Hunt is closing up shop. Sweet Tea and Grits is one of three downtown businesses that has been forced to close in the past six months.

During that time, seven stores have also opened.

Raleigh Downtown Alliance direcor Errol Frailey said while some businesses are hurting, it is just temporary.

Progress Energy has plans to pump $100 million into the downtown area with a new office complex on Blount Street, and Empire Properties recently announced plans to turn the Heilig-Levine buildings into shops and restaurants.

"I think that the best is ahead of us, really," Frailey said. "We've got to expand the number of people that are coming downtown, so that will be our challenge."

Frailey said despite a slight downturn in the economy, interest in the downtown area has increased ever since plans were announced to turn Fayetteville Street Mall back into a street.

  • Reporter:
  • Photographer: Chuck Barchuck
  • Web Editor: Michelle Singer

RELATED TOPICS: Fayetteville Street, Blount Street, Fayetteville, Raleigh

e-mail print friendly

0 Comments


WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

View Comments 0 COMMENTS

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

View Comments 0 COMMENTS
Report It

Multimedia

Click Here