Tampa: Poster child for struggling downtowns
BusinessWeek magazine uses Tampa as the poster child for downtowns suffering from the economic downturn. The magazine reports that Mayor Pam Iorio launched a campaign to revitalize downtown shortly after her 2003 election and in the midst of the real estate bubble city officials predicted 11,000 new condos would be built downtown. But in the wake of the housing slump, foreclosure crisis and credit crunch, only 3,500 units were built or are under construction.
-- Janet Zink, Times staff writer