Cartwright

ProFootballTalk.com - MORE PATS LAYOFFS COMING FRIDAY?

Are these layoffs mailnly related to the staff that was added when this venue opened?

Nice to see that EVERYTHING doesn't turn to gold out there.

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Marking Alex24's words:

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jdk19

Your right.

Newbury St must be indoors.

Michigan Ave in Chicago must have sprung a dome. "The Magnificent Mile"

The trend of outdoor malls is a sucessful one and has they have been booming in outdoor cold climates while many of the old indoor malls practically close down. The economy is hammering retail period.

ausbacker

The impending worldwide recession is what's haulting business progress.

Everything is cyclical and expect in a few years the articles about the wonderful business decision Patriot Place was.

Wildo7

I'd still personally go to Wrentham over Patriot Place if I was going to considering it's not that far away. And I don't think you can compare a street in the heart of a city with an outdoor shopping mall in Foxboro. People that plan the locations of those malls spend a ton of time studying the local logistics and target populations before they decide on where to build. Kraft hoped that the lure of the Pats connection would be enough to get people shopping there instead of Boston or Wrentham or Natick. I wasn't so convinced back then and I'm certainly less convinced now that the economy sucks.

MetalBleachers

Saying Patriots Place is a bust in light of this economy is like saying Sears is a bust. Everyone's hurting right now. Once the hotel opens, you'll get people staying there and the traffic will increase (fewer faraway vacations, more day and/or overnight trips to Foxboro).

Wildo7

Why would someone take a vacation to foxboro? I can see people staying overnight on a Saturday or Sunday night during the regular season but not otherwise.

Tucker

The economy AND Patriot Place are made of GLASS!






sorry...felt obligated to say it

BPF

That's a comment from some "source" whose got an agenda against the Krafts. I've been there on numerous occassions and also have hosted business clients at Davios. Patriot place is great and it's going to be a greater attraction when completed, especially in the summer. I wouldn't bet against the Krafts.

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"We are what we repeatedly do. Excellence, therefore, is not an act but a habit."
Aristotle

"I know nothing except the fact of my ignorance."
Socrates

STH since 1994....sec 236

Rob0729

Stacy James already debunked the rumor saying the person being laid off was part of the first round of layoffs that had nothing to do with Patriot Place. Besides, it doesn't make sense that there would be a layoff because of the "failure" of Patriots Place.

The Krafts do not operate most of the restarants and retail stores in Patriot Place. They are landlords. Yes, most comercial landlords in retail enviroments get increases in rents based on sales volume of their clients, but there is still a base rent that would be significant.

Other than the Patriots Hall of Fame and Pro Shop, I don't think there is a single retail store or restaurant solely owned and operated by the Krafts or the Patriots. Even the CBS Scene is a joint venture between the Patriots and obviously CBS. The movie theater is owned by Showcase Cinemas, all the restaurants are either national chains or independently owned, and all the retail stores are national chains.

Why would the Patriots have to lay off people if Best Buy or Bass Pro Shops aren't making their numbers? They still have to pay rent. The overage checks may be down, but I don't know if a few months of lower overage checks would be enough to make the Pats cut staff.

BradyFTW!

rofl, beat me to it.

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