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"less hospitable places", and as injurious to the quality of life. One corporate <br />executive said -that one of his employees was mugged in front of an adu!t- <br />entertainment store. A developer and an executive of a corporation both said that <br />adult businesses on the same street, or diagonally across the street from a property <br />have offensive and negative results. <br />All one developer said that. perhaps,there is a way to limit the number <br />of such establishments, and to disperse them. The dissenter said that not even on <br />could be tolerated. e <br />z All of our :roe <br />P p rty owners and business representative <br />expressed-and sural{ <br />expressed the view ithat, adult use businesses have a negative :es-larg n -the' small— <br />arket <br />OCTe4tal values-ofbusinesses located in their vicinity. ' it was <br />very. <br />tive <br />effectwas was intensely felt if the adult bus iness.,was^4right. next door; Ina the same <br />buildilag, _or on the same block. But every respondent also emphasized the ne ative <br />effects of, a .concentration of businesses, -stating: that-, "Eighth ...Avenue is a less <br />attractive place -to do business than other avenues in the Times Square area. One <br />representative of a major property owner said that there were more improvements on <br />Ninth Avenue in recent years than on Eighth Avenue, as evidenced in the numbers of <br />new restaurants and small viable retail stores which have opened on that street. In <br />the light of other improvement in. the Times Square :area,. this respondent, too, <br />expressed concern about "the march of porn stores up; Eighth Avenue. "., - <br />A corporate newcomer to the .Times Square area expressed great optimism <br />about --its. future and; he said that the confidence was shared -by employees and <br />prospective retail tenants, but he also said that the positive trends were clear along <br />Seventh Avenue and Broadway, and certainly,less so along Eighth Avenue. <br />-A real estate agent who tries to rent only to 'Triple A" tenants. -said that <br />proximity to adult establishment would be a deterrent to them. If there was an <br />oPPortpnity. to rent to, say, a major fast food chain,. which might be willing to locate <br />on Eighth Avenue; In such a case, he was sure that concessions or sweeteners would <br />have tc be offered In the form of sharing in increased insurance costs, or in offering <br />lower -01- ced .rentals. <br />On the other hand,.new area.business and long-term owners both said that <br />there Is much Improvement in Times Square and that its new identity as -a center for <br />corporations, entertainment. and tourism will continue to make It attractive to <br />investment from .all over the world. Because of the extraordinary pedestrian traffic, <br />It can and will attract major retailers, and it is important that this trend not be- deterred <br />by the concentration of porn theatres, strip clubs, and adult video stores. <br />EVER00225 <br />39 <br />