01-26-2017, 01:30 PM
Sorry if you misunderstood, I live, work, and play in Downtown, and enjoy it thoroughly. What I mean to say is that I hear vote of confidence and I think of it like investing. When a Venture Capitalist invests in a startup that nobody has heard of and has no revenue, it's a vote of confidence, because the success isn't easily visible to others, if at all. When someone buys Apple stock, it's not a vote of confidence to me, it's buying into an existing success story and a safe bet.
In past, Downtown was more startup, a place where investing meant you were sticking your neck out. As you said, Bingeman's doesn't spend their money frivolously, but at this stage of Downtown's renaissance, opening a restaurant there isn't a vote of confidence (based on my definition of the term), it's an acknowledgement of a very safe bet with high odds of good returns on investment.
I am confident in Downtown, but nothing of this magnitude is a vote of confidence, because nothing about that type of venture asks "are you confident a restaurant could succeed in Downtown?" Yes. Yes we are. That is well known.
In past, Downtown was more startup, a place where investing meant you were sticking your neck out. As you said, Bingeman's doesn't spend their money frivolously, but at this stage of Downtown's renaissance, opening a restaurant there isn't a vote of confidence (based on my definition of the term), it's an acknowledgement of a very safe bet with high odds of good returns on investment.
I am confident in Downtown, but nothing of this magnitude is a vote of confidence, because nothing about that type of venture asks "are you confident a restaurant could succeed in Downtown?" Yes. Yes we are. That is well known.