'Power to communities': Chicago considers city-owned grocery store to address 'food deserts' after giants like Walmart and Whole Foods shutter stores
The mayor’s office says it would be the first major U.S. city to enact such a plan.
https://finance.yahoo.com/news/power-communities-chicago-considers-city-200000716.html
The stores left because of the crime, not because there isn’t a market for them. I’m sure there are tons of people in Chicago who would love shopping at a local grocery store.
It’s not sustainable to run a business when your loss to crimes outweighs any potential profits
By definition, if the business venture isn’t profitable, then there isn’t a market.
REI in downtown Portland pulled out and publicly said it was because of rising crime, but it was really because the employees were trying to unionize.
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