Monday, October 7, 2013

if you build it in the wrong place, they won't come

A dozen years ago, the city of Mumbai spent $4.8 million to build a mall that it thought would allow it to get rid of hawkers near the Dadar train station. But it forgot that street hawking is governed by the same three principles that govern real estate: location, location, location. The new market was far too far from the station for customers to flock to.

As one sensible street vendor told DNAIndia: “I have been carrying on my business from this spot (near the station) for 25 years. I have observed that people get out from the station and shop before going home. Who will go all the way to Plaza Market?”

The news agency reports that the market building is mostly vacant while the streets around the station are as thronged as ever.

More proof that cities must work with street vendors, not against them.

1 comment:

Unknown said...

Capitalism has a power and a momentum that is self-defining. It will evolve by market pressure to present the most profitable solution. When governments, committees, tax boards, and other self-appointed experts attempt to redefine how fee trade works, they often have their hands forced down on the Braille of reality.